Existing-Home Sales Drop 6.2% Year-Over-Year

The National Association of Realtors is reporting that existing home sales were down 1% in December to a seasonally-adjusted annual rate of 3.78 million (down 6.2% year over year) – their lowest level since 1995. Total housing inventory at the end of December was 1 million units, down 11.5% from November but up 4.2% from one year ago. Continue reading HERE...