Home sales rise as prices hit historic lows in December

New and existing home sales increased year-over-year in December, while home prices continued to plummet, hitting levels of affordability not experienced since 1971, the Obama administration said Monday.
In its December Housing Scorecard report, the administration said median-income families on average had double the funds needed to cover the cost of a home, but purchase demand [...] Home sales rise as prices hit historic lows in December:

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