Dec
22
Existing-Home Sales, Third-Quarter GDP: U.S. Economic Takeaways
By-
Realtors say plunge in home sales caused by delayed closings
-
Yellen GDP gauge shows consumer, business spending are firm
What you need to know about Tuesday’s U.S. economic data:
PREVIOUSLY OWNED HOME SALES (NOVEMBER)
- Fell to 4.76 million rate, a 19-month low, from 5.32 million
- 10.5 percent decrease was biggest since July 2010, when effects of government homebuyer tax credit waned
- Median price climbed 6.3 percent from year earlier, most since June
- Inventory tight, with 2.04 million listings, the smallest for any November since 2012 and second-fewest since 2000…
Existing-Home Sales, Third-Quarter GDP: U.S. Economic Takeaways
