Loading…
Thursday, December 18, 2014
Current Weather
Loading Current Weather....
Published: Saturday, 1/21/2012

Previously owned homes sell at faster pace in Dec.

BLADE STAFF AND NEWS SERVICES

WASHINGTON — U.S. sales of previously occupied homes rose 5 percent to a seasonally adjusted annual rate of 4.61 million in December, the National Association of Realtors said Friday. The rate was the highest since January, 2011.

For all of 2011, sales totaled 4.26 million, compared with 4.19 million in the previous year. But it’s far below the 6 million that economists equate with healthy housing markets. In 2005, at the peak of the boom, 7.1 million homes were sold.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.