January existing-home sales show fastest seasonally adjusted annual sales growth in almost 10 years

The first month of 2017 sets the year up for a red-hot start after what NAR Chief Economist Lawrence Yun called a “soft” December. In January, NAR’s existing-home sales spiked 3.3 percentage points to a seasonally adjusted annual rate (SAAR) of 5.69 million — up from an upwardly revised 5.51 million in December …

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