Agence France-PresseJanuary 23, 2014 12:01
US existing-home sales increased 1.0 percent in December from November, wrapping up the strongest year for sales in seven years, the National Association of Realtors said Thursday.
Sales of used single-family homes, townhomes, condominiums and co-ops hit an annual pace of 4.87 million units, compared with a revised 4.82 million the previous month.
For the entire year, sales totaled 5.09 million, up 9.1 percent from 2012. That was the best pace since 2006 when the US housing bubble peaked and began to deflate, which turned into the worst financial crisis since the 1930s.