The number of home sales handled in the United States fell by 4.9 percent in December compared to a month earlier. The American branch association of brokers reported this.
It is the largest decrease since May 2010, partly because fewer homes were put up for sale. On average, economists had expected an increase in the number of provisional sales by 0.5 percent. In November these upcoming home sales went up by 1.2 percent.
On an annual basis, provisional home sales increased by 6.8 percent, after an increase of 5.6 percent in the previous month.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.