Sales of existing homes rose 6.5% to an annual rate of 4.74 million, up from 4.45 million units in November, the National Association of Realtors said.
The association said that existing home prices fell by 15.3% in December from the same period a year earlier, with 45% of transactions viewed as "distress sales", where the seller was forced to sell at a discounted price.
Wednesday, January 28, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment