Existing-home sales fell 1.0 percent in December to 4.94 million and November sales were revised downward, slipping below 5 million, the National Association of Realtors reported Tuesday. Economisst had expected the sales pace to improve to 5.1 million from November’s originally reported 5.04 million.The median price of an existing single family home rose to $180,800 in December, up 0.8 percent from November and 11.5 percent from December 2011, the strongest year-year gain in seven years.
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