The U.S real estate market continues to show signs of recovery as the U.S. existing homes sales rate rose during December 2011 by 5%; this news however doesn’t coincides with the recent decline in the housing starts, which was announced yesterday.
According to the recent report of the Realtors’ organization, the annual rate of US existing home sales rose in December compared with November’s annual rate. The seasonally adjusted annual rate reached 4.61 million home sales in December compared with an annual rate of 4.39 million home sales in November’ 2011; this increase represents a 5% gain (M-2-M); the December 2011 annual rate is also 3.6% above the 4.45 million annual rate of home sales in December 2010. This news may slightly help rally the U.S. stocks.
During yestreday’s trading most of the major American stock indexes were traded up: the S&P500 index rose by 0.07%, the Dow by 0.76%, while the NASDAQ slipped by 0.06%. Major commodities were also traded with mixed trends.
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