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StumbleSales of existing homes climb to all-time high in 2004
Tuesday, Jan. 25, 2005 | 8:53 a.m.
WASHINGTON -- Sales of previously owned homes rose 9.4 percent to an all-time high of 6.68 million units last year as home buyers continued to enjoy some of the lowest mortgage rates in decades.
Sales of existing homes last year were well above the 6.10 million sold in 2003, the National Association of Realtors reported today.
For December, sales dipped a slight 3.3 percent to a seasonally adjusted annual rate of 6.69 million units, off only slightly from November's strong pace of 6.92 million units.
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