US December Existing Home Sales Falls But 2005 a Record

Reuters Business Channel | Reuters.com: "WASHINGTON, Jan 25 (Reuters) - Home resales in the United States fell 5.7 percent in December to the lowest level since March 2004 as the market cooled on the back of slowing Midwest economies and the loss of investors, a trade group said on Wednesday.
But for the year, 7.072 million existing homes were sold, making 2005 the fifth record year in a row, the National Association of Realtors said.
'So, 2005, when we look back, was the best year in housing in recent memory, probably of all time,' said David Lereah, the group's chief economist. "
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