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Existing Home Sales Up Slightly
Existing home sales rose a slight 0.4 percent to 5.47 million in January
-- the highest annual rate in six months, the National Association of
Realtors said yesterday. The January figure is 11 percent higher than a
year prior, the largest year-on-year gain since July 2013. Read more.
Home Price Growth Continues
Home price growth in 20 major metro areas rose again in December, with
year-over-year growth landing at 5.7 percent, equal to November’s gain,
according to the Standard & Poor’s/Case-Shiller Home Price Index
released yesterday. Twelve cities reported increases in December, with
Tampa and San Diego seeing the highest monthly gain. Year-on-year growth
was highest in Portland, San Francisco and Denver.
---ABA Daily Newsbytes
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