Filed under: Consumer experience, Money and Finance This day, Economic data, Personal finance, Headline news, Housing
Sales of existing homes plunged 17% in December, the sharpest drop since records began in 1968. The sales pace fell to 5.45 million annual rate from 6.54 pace the previous month.
Part of the reason for the drop was attributed to the termination of the first $8,000 tax credit for first time buyers. That kept buyers away from the market. Since then Congress has extended the tax credit. Realtors expect a pick up in sales going into the Spring season.
Continue reading Existing Home Sales Plunge 17% In December
Existing Home Sales Plunge 17% In December originally appeared on BloggingStocks on Mon, 25 Jan 2010 16:40:00 EST. Please see our terms for use of feeds.
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