Coal For Christmas? Existing-Home Sales Saw The Only National Decline With Sales Down 6.3%

Existing-home sales ran at a seasonally adjusted annual 5.32 million pace in November, the National Association of Realtors said this past week. November marked the second month of increasing sales and sales were 1.9% higher than in October, but 7.0% lower than a year ago. Homes stayed on the market for an average of 42 days in November, up from 36 days in October and 40 days from a year ago, but currently, the available supply of home would last about 4 months, down from October. Traditionally a sign of a market balanced between supply and demand is six months… Read moreCoal For Christmas? Existing-Home Sales Saw The Only National Decline With Sales Down 6.3%