Today, the National Association of Realtors (NAR) released their Existing Home Sales Report for December showing a continued increase in sales coming in the wake of the now obviously phony baloney government tax gimmick sponsored surge in home sales activity seen earlier in 2010 and 2009.
Single family home sales increased 11.8% since November but remained 2.5% below the level seen last year while prices declined 0.2% since November and fell 0.18% below the level seen in December 2009.
Further, inventory remains high climbing 9.4% above the level seen in December 2009 which, combined with the relatively slow pace of sales, resulted in a monthly supply of 7.8.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.