The National Association of Realtors reported that sales of existing homes rose 12.3% in December, which was a positive end to 2010 following a collapse in house prices and a wave of foreclosures that depressed activity during the year.
Existing-home sales rose from November's upwardly revised 4.7 million rate to a seasonally-adjusted annualized rate of 5.28 million, ahead of economists' expectations of 4.88 million.
The median price of existing homes in December fell 1% to $168,800, the lowest since February, and November prices were marginally revised lower to $170,200.
Why does Yun still have a job? Upwardly revised, ahead of economists expectations? smh
2tim149 2 months ago