From Fox Business
New single-family home sales unexpectedly fell in December for the first time in four months and the median home price dropped, dampening some of the hopes the housing sector will boost the economy this year.
The Commerce Department said on Thursday sales decreased 2.2 percent to a seasonally adjusted 307,000-unit annual rate.
Economists polled by Reuters had forecast sales at a 320,000-unit rate. November's sales pace was revised slightly lower.
Kevin R Smith, Broker Associate RE/MAX Center, Phone: 847 231 7618 Kevin@HomeSmity.com
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