U.S. Existing Home Sales Rise In Line With Estimates In December

(RTTNews) - Existing home sales in the U.S. rose roughly in line with economist estimates in the month of December, according to a report released by the National Association of Realtors on Friday, with sales rebounding from the steep drop seen in November.

NAR said existing home sales rose 2.4 percent to a seasonally adjusted annual rate of 5.04 million in December after tumbling 6.3 percent to a downwardly revised 4.92 million in November.

Economists had expected existing home sales to climb to an annual rate of 5.05 million from the 4.93 million originally reported for the previous month.