Decreased Activity

Dated: 01/05/2016

Views: 274

Why Did Home Sales Drop So Dramatically Last Month? | Keeping Current Matters



Yesterday, the National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales:

“…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…”

That revelation gave birth to a series of industry articles, some of which quoted pundits questioning whether the housing market was slowing. In actuality, there is one rather simple explanation to much of the falloff in sales last month. It is likely the implementation of the “Know Before You Owe” mortgage rule, commonly known as the TILA-RESPA Integrated Disclosure (TRID) rule, which went into effect on October 3

Blog author image

Paul Snyder III

I am a specialist in the management and sale of bank owned AND investment properties throughout SE and Central Pennsylvania. Our team of (14) real estate agents and (3) support staff are here to e....

Want to Advertise on this Site?

Latest Blog Posts

The Cold Hard Facts On Protecting Potted Plants

By:Susan Morgan2011, Dorling Kindersley LimitedAn attractive container display provides cheerful color and a delicious spicy scent on winter days. Winter container gardening is tough — you have

Read More

Over Wintering Plants

How to Store Non-Hardy Plants through the WinterBY MARIE IANNOTTIGardeners in cold climates never know what to expect during the winter. We may have snow, we may have unusually warm conditions,

Read More

How To Take Care Of Plants In Winter

No season is harsher on plants and flowers than winter, with cold temperatures and bad weather meaning that it can be difficult for our favourite blooms to survive.If you don’t want to have to

Read More

Winter Weather Preparation

There are a number of ways that winter storms can impact a region and its residents.Winter storms can create a minor inconvenience or paralyze an entire city. These storms cancreate many hazards,

Read More