Recovery Signs in Existing Home Sales
Some good news for housing... December's existing-home sales climbed 5% from a month earlier, the third-straight monthly increase. Even better, the inventory of previously owned homes listed for sale sank to 2.38 million, the lowest level since March 2005. For all of last year, 4.26 million homes were sold, up 1.7% from 4.19 million in 2010. The best news was existing supply of homes for sale came in at 6.2 months — ... Read More