Higher mortgage rates, normally poison to home sales, have hardly dented homebuying this year. Economists say resales will set a record by yearend even if a slowing economy finally cools things down.

Experts say a lucky mix of circumstances explains the seeming paradox of record sales in the face of rates about half a percentage point higher than a year ago. The key factors:

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.