US Existing-Home Sales Rebound in December, 2014 Total Sales Finish 3 Percent Below 2013 | Forex Factory

  • US Existing-Home Sales Rebound in December, 2014 Total Sales Finish 3 Percent Below 2013

    From realtor.org

    Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.4 percent to a seasonally adjusted annual rate of 5.04 million in December from a downwardly-revised 4.92 million in November. From a year ago, December ... (full story)

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TheTopBloke
Jan 23, 2015 10:20am
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I love how depending on the org you can get a positive or negative spin. And of course you can always count on the realtors to spin it positively.
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Trader#119E
Jan 23, 2015 1:24pm
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From bloomberg

U.S. housing activity remains weak despite six years of federal government aid, strong interest from overseas buyers, rock-bottom interest rates and massive purchases of mortgage bonds by the Federal Reserve. Does this mean housing may never spring back to its pre-recession levels? Many signs point to yes.

http://www.bloombergview.com/articles/2015-01-23/housing-weak-even-with-government-programs-and-big-bank-interest
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