Existing-Home Sales Slide In December; 2016 Sales Best Since 2006

According to a National Association of Realtors press release ---- Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels. Total existing-home sales, which are completed transactions that include single-family homes, town homes, condominiums and co-ops, finished 2016 at 5.45 million sales and surpassed 2015 (5.25 million) as the highest since 2006 (6.48 million). In December, existing sales decreased 2.8 percent to a seasonally adjusted annual rate of 5.49 million in December from an upwardly revised 5.65 million in November. With last month's slide, sales are only 0.7 percent higher than a year ago. To get more in depth information on existing-home sales slide in December; 2016 sales best since 2006 click on the pictures below to read the articles.