January Mega-Storm and Low Inventory Tank Home Sales — RISMedia

Slow inventory recovery, coupled with major snowstorms across half of the country, put a massive halt on existing-home sales in January, according to the latest data from the National Association of Realtors® (NAR).

NAR’s Existing-Homes Sales report for January found that sales fell 8.4% to a rate of 3.91 million, a large reversal from last month’s 5.1%…