January Home Sales Up Again

Existing-home sales rose in January for the third time in the last four months, according to the National Association of Realtors (NAR). January sales – completed transactions – were up 4.3 percent from December to a seasonally adjusted annual rate of 4.57 million. December’s total was revised downward to 4.38 million from 4.61 million. The January 2012 sales pace was up 0.7 percent from January 2011.