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2013 Existing Home Sales Strongest in 7 Years

From CNBC Realty Check: “U.S. home resales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market.

The National Association of Realtors (NAR) said on Thursday that sales of previously owned homes rose 1.0 last month, to an annual rate of 4.87 million units. Total sales for 2013 were the strongest in seven years. ”

More at http://www.cnbc.com/id/10000115