Existing Home Sales Surge 14.7%, Prices Up 7.6%

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From Bloomberg Business: “Purchases of previously owned U.S. homes rose more than projected in December, helped in part by warmer weather and wrapping up the best year since 2006. Contract closings jumped 14.7 percent, the most on record, to a 5.46 million annualized rate, figures from the National Association of Realtors showed Friday. The median forecast in a Bloomberg survey called for a gain to 5.2 million. Prices picked up as inventories eased. For all of 2015, sales climbed to 5.26 million from 4.94 million……

Read the full article at: Existing Home Sales Surge

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