By Lucia Mutikani
WASHINGTON (Reuters) - U.S. home resales rebounded strongly in December from a 19-month low and prices surged, indicating the housing market recovery remained intact despite signs of a sharp deceleration in economic growth in recent months. The National Association of Realtors said on Friday existing home sales jumped a record 14.7 percent to an annual rate of 5.46 million units, after being temporarily held back by the introduction of new mortgage disclosure rules, which had caused delays in the closing of contracts in November.
Interest rates are in the news: Projected to rise from their historically low levels as the Federal Reserve winds down Quantitative Easing. Is this a major problem for the prospective buyer? The Answer: “Probably Not.”