Thursday, January 25, 2007

Forex News: 25.01.2007 U.S. Dec. existing-home sales fall 0.8%

Sales of U.S. existing homes fell 0.8% in December to a seasonally adjusted rate of 6.22 million.

Sales in December were down 7.9% compared with December 2005. Inventories of unsold homes fell 7.9% to 3.51 million, representing a 6.8-month supply, the National Association of Realtors said in the report.

The decline in sales was close to the 6.24 million expected by economists. The average median sales price was $222,000 in December, unchanged from December 2005.


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