Existing-Home Sales Increased to 6.50 million in January

Inventory down 16.5% year-over-year

From the NAR: Existing-Home Sales Surge 6.7% in January

Existing-home sales rose in January, making a notable move upward following a previous month where sales declined, according to the National Association of Realtors®. On a month-over-month basis, each of the four major U.S. regions experienced an increase in sales in January. However, year-over-year…