Existing home sales jump in December; Signs we are headed toward ...

New York-Northern, New Jersey-Long Island had the second highest decrease in sales from a year ago with a 11.4 percent decrease, closely followed by New Orleans with a 11.0 percent decrease. The metros were split on home prices: 9 saw ... Investors were the buyers of 20 percent of the homes in December, up slightly from 19 percent the month before. Repeat home buyers were responsible for approximately 47 percent of December's sales, down from 49 percent the month before. ...

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