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December existing home sales rise amid higher prices

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Published Fri, Jan 23, 2015 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Washington

PURCHASES of previously owned US homes rose less than forecast in December as higher prices limited sales to first-time buyers.

Contract closings increased 2.4 per cent to a 5.04 million annual rate from a 4.92 million pace in the prior month, figures from the National Association of Realtors showed on Friday in Washington. Prices picked up while inventories fell.

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