Jan. 25 (Bloomberg) -- Sales of existing U.S. homes plunged more than anticipated in December, showing the dependence of the housing market on a government tax credit.
Purchases slumped 17 percent the month after a government tax credit was originally due to expire, the biggest decline since records began in 1968, to a 5.45 million annual rate, the National Association of Realtors said today in Washington. The median sales price increased for the first time in two years. ...
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