Existing home sales jump.

[Nick Gromicko]

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of Realtors (NAR). Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3% to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November.

[Joe Funderburk, CMI]

That news contradicts the quietness of my telephone. Here's an article I tend to agree with more.


Home sales hit 13-year low; slow recovery ahead