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Will increase in home sales continue into 2017?

Annie Baxter Dec 21, 2016
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An Open House sign directs prospective buyers to property for sale in Monterey Park, California. FREDERIC J. BROWN/AFP/Getty Images

Will increase in home sales continue into 2017?

Annie Baxter Dec 21, 2016
An Open House sign directs prospective buyers to property for sale in Monterey Park, California. FREDERIC J. BROWN/AFP/Getty Images
HTML EMBED:
COPY

Sales of previously owned homes bumped up in November to their highest rate since 2007, according to a report out on Wednesday from the National Association of Realtors. You might expect rising mortgage rates would goose sales all the more in coming months, if buyers want to lock in purchases before rates climb too high. But some economists are skeptical about how much sales will pick up. 

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