Is TRID responsible for existing-home sales drop?

  • November 2015 was the slowest period in 19 months for existing-home sales.
  • “It’s possible the longer timeframes pushed a latter portion of would-be November transactions into December,” said NAR's chief economist, Lawrence Yun.

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If you think it’s taking much longer than usual to close on a house this time of year, you aren’t alone — and what’s more, those extended closing dates could be affecting home sales data. The National Association of Realtors (NAR) reported this morning that its November 2015 existing-home sales data show that November was the slowest in 19 months of transactions.