WASHINGTON, Jan. 20 (UPI) -- Existing U.S. home sales rose in December and unsold inventories declined, the National Association of Realtors said Friday.
The trade group said sales of single-family homes, townhomes, condominiums and co-ops rose 5 percent to a seasonally adjusted annual rate of 4.61 million in the month. Inventories, meanwhile, fell 9.2 percent to 2.38 million existing homes available for sale.