Markets

Americans Buy Existing Homes at Fastest Pace in a Decade

A house for sale in Hialeah, Fla. in this Dec. 7, 2016 file photo. Americans shrugged off rising mortgage rates and bought existing homes in January 2017 at the fastest pace since 2007. The National Association of Realtors on Wednesday, Feb. 22, 2017, says home sales rose 3.3 percent last months from December to a seasonally adjusted annual rate of 5.69 million. (AP Photo/Alan Diaz, File)
A house for sale in Hialeah, Fla. in this Dec. 7, 2016 file photo. Americans shrugged off rising mortgage rates and bought existing homes in January 2017 at the fastest pace since 2007. The National Association of Realtors on Wednesday, Feb. 22, 2017, says home sales rose 3.3 percent last months from December to a seasonally adjusted annual rate of 5.69 million. (AP Photo/Alan Diaz, File)

WASHINGTON—Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that...




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