Tuesday, January 22, 2013

Existing-Home Sales Dip in December; Prices Rise

Airticle from WWW.DSNEWS.COM

Existing-home sales fell 1 percent in December to an annual rate 4.94 million, and November sales were revised downward, slipping below 5 million, the National Association of Realtors (NAR) reported Tuesday. Economist had expected the sales pace to improve to 5.1 million from November’s originally reported 5.04 million.

The median price of an existing single-family home rose to $180,800 in December, up 11.5 percent from December 2011, the strongest year-over-year gain since November 2005.

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