Sales of existing homes surge in December - News - Dukascopy Bank

Mon, 23 Jan 2012 07:33:07 GMT
Source: Bloomberg
 
© Scanpix/Reuters
Sales of existing houses soared in December, reaching one-year record high, indicating real estate market is stabilizing. Purchases of previously owned homes surged for a third consecutive month jumping 5%, said National Association of Realtors. Cheaper property and increasing employment may encourage Americans to purchase a house, predict analysts. Nevertheless the relatively high number of foreclosures may slow the recovery.

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