Severe winter weather in parts of the country coupled with continued unease about the economy caused a 7% decline in pending home sales, according to the National Association of Realtors.
Sales of existing homes rose by 13.9% in the last quarter of 2009 and were 27.2% higher than in the same period of 2008, according to data released by the National Association of Realtors.
The tax credits for home purchases and an improving economy translated into some good news on the housing front in December.
Sales of existing homes fell by 16.7% in December, but were 15% higher than in December 2008, the National Association of Realtors reported today.
The housing market's rebound suffered a setback as pending home sales fell 16% in November, the National Association of Realtors reported today. It was the first decline after nine consecutive months of increases.