Sales of existing homes ended a five-month skid as they rose 0.8% from October to November. However, sales are still 7.3% lower than a year ago due to tight inventory and elevated mortgage rates. Yet, NAR’s chief economist, Lawrence Yun, noted that “a marked turn can be expected as mortgage rates have plunged in recent weeks.” #homebuyers #homesellers #homesales #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow