After last month’s decline , sales are now 3.8 percent below a year ago – the first year-over-year decrease since Lawrence Yun , NAR chief economist, says multiple factors led to November’s sales decline, but the primary reason could be an anomaly as the industry adjusts to the new Know Before You Owe rule. “Sparse inventory and affordability issues continue to impede a large pool of buyers’ ability to buy, which is holding back sales,” he said.

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