U.S Existing Home Sales Increased Again in January 2012

The U.S real estate market continues to rally as the U.S. existing homes sales rate increased during January 2012 by 4.3%; this news coincides with the recent rise in the housing starts.

According to the recent report of the Realtors’ organization, the annual rate of US existing home sales increased in January compared with December’s annual rate. The seasonally adjusted annual rate reached 4.57 million home sales in January compared with an annual rate of 4.38 million home sales in December 2011; this increase represents a 4.3% gain (M-2-M); the January 2012 annual rate is also 0.7% above the 4.54 million annual rate of home sales in January 2011.

During yesterday’s trading major American stock indexes slightly declined: the S&P500 index fell by 0.33%, the Dow by 0.21%, while the NASDAQ slipped by 0.52%. Most commodities prices rose yesterday.

Current gold price, short term futures (March 2012 delivery) is traded at $1,778 per t oz. a $6.9 increase as of 11:27*.

Euros to US dollar exchange rate is currently traded up at 1.3301 a 0.39% increase as of 11:38*.

Current Nymex crude oil price, short term futures (March 2012 delivery) is traded up by 0.15% to $106.44 per barrel as of 11:38*.

(* GMT)

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