Housing sales down

Housing inventory now stands at 7.3 months, the highest since 1993.

NAR President Thomas M. Stevens from Vienna, Va., said interest rates have been trending down in recent weeks. “This is good news for buyers who have been on the sidelines; now there is a window of opportunity in the market,” said Stevens, senior vice president of NRT Inc. “In most of the country, buyers can take their time to make an informed decision.”