Jan
24
Existing U.S. Home Sales Rise to Close Out Best Year Since 2006
By-
Purchases jumped a record as industry adjusts to new rules
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Median price climbed in December as inventories tightened
Purchases of previously owned U.S. homes rose more than projected in December, helped in part by warmer weather and wrapping up the best year since 2006.
Contract closings jumped 14.7 percent, the most on record, to a 5.46 million annualized rate, figures from the National Association of Realtors showed Friday. The median forecast in a Bloomberg survey called for a gain to 5.2 million. Prices picked up as inventories eased. For all of 2015, sales climbed to 5.26 million from 4.94 million…
Existing U.S. Home Sales Rise to Close Out Best Year Since 2006
