Home sales edge up - KNOE 8 News; KNOE-TV; KNOE.com |

Home sales edge up

Posted: Updated:
© MGN Online © MGN Online

WASHINGTON (KNOE 8 News/AP) - Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years.

The National Association of Realtors says sales increased to an annual rate of 4.87 million units last month, up 1 percent from the November sales pace. However, both months represented a slower pace of sales than earlier in 2013, reflecting the drag from higher mortgage rates and higher home prices.

For all of 2013, sales totaled 5.09 million, the best performance since 2006, when sales totaled 6.48 million. However, the sales gains in both 2005 and 2006 represented an unsustainable housing bubble. Analysts say a more normal sales pace currently would be around 5.5 million units.

The median price of an existing home rose 11.5 percent last year to $197,100, the highest in eight years.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Monroe school turf construction hits new delays

    Monroe school turf construction hits new delays

    Wednesday, August 20 2014 11:27 AM EDT2014-08-20 15:27:14 GMT
    MONROE, La. (AP) - Field turf construction at football stadiums in the Monroe City School District has once again hit a snag.
    MONROE, La. (AP) - Field turf construction at football stadiums in the Monroe City School District has once again hit a snag.
  • Twitter tries to block images of Foley killing

    Twitter tries to block images of Foley killing

    Wednesday, August 20 2014 12:14 PM EDT2014-08-20 16:14:25 GMT
    AMSTERDAM (AP) - Twitter is trying to block the spread of gruesome images of the beheading of journalist James Foley by Islamic State militants, while a movement to deny his killers the publicity they crave is also gaining momentum.
    AMSTERDAM (AP) - Twitter is trying to block the spread of gruesome images of the beheading of journalist James Foley by Islamic State militants, while a movement to deny his killers the publicity they crave is also gaining momentum.
  • Mother of Mo'Ne Davis is Proud Parent

    Mother of Mo'Ne Davis is Proud Parent

    Wednesday, August 20 2014 9:20 AM EDT2014-08-20 13:20:34 GMT
    PHILADELPHIA (CBS)- "Wonderful." Lakeisha McLean, Mo'ne Davis' mom, is nearly speechless.
    PHILADELPHIA (CBS)- "Wonderful." Lakeisha McLean, Mo'ne Davis' mom, is nearly speechless.
  • Eric T. Hendrix was arrested on Extortion

    Eric T. Hendrix was arrested on Extortion

    Tuesday, August 19 2014 2:34 PM EDT2014-08-19 18:34:09 GMT
    Bastrop, La. (KNOE & Morehouse Parish Sheriff Department)- Eric T. Hendrix was arrested after a complainant came to Morehouse Parish Sheriff Dept.
    Bastrop, La. (KNOE & Morehouse Parish Sheriff Department)- Eric T. Hendrix was arrested after a complainant came to Morehouse Parish Sheriff Dept.
  • Man high on drugs in church arrested

    Man high on drugs in church arrested

    Monday, August 18 2014 8:09 PM EDT2014-08-19 00:09:43 GMT
    MONROE, La. (KNOE 8 News)- A Monroe man is sitting in jail after showing up to church filled with more than the holy spirit.
    MONROE, La. (KNOE 8 News)- A Monroe man is sitting in jail after showing up to church filled with more than the holy spirit.
  • Caldwell taking big insurance company to court

    Caldwell taking big insurance company to court

    Tuesday, August 19 2014 11:05 PM EDT2014-08-20 03:05:17 GMT
    MONROE, La. (KNOE 8 News) - In an unprecedented move Attorney General Buddy Caldwell is suing one of the largest insurance companies in the state. On Tuesday, he announced he's taking State Farm to court. State Farm covers 33-percent of Louisiana drivers and Caldwell says it's been deceiving its customers and it's the auto body shop owners who say they are being forced to put savings before safety. 
    MONROE, La. (KNOE 8 News) - In an unprecedented move Attorney General Buddy Caldwell is suing one of the largest insurance companies in the state. On Tuesday, he announced he's taking State Farm to court. State Farm covers 33-percent of Louisiana drivers and Caldwell says it's been deceiving its customers and it's the auto body shop owners who say they are being forced to put savings before safety. 
  • Mother of Kendrick Johnson writes letter to Michael Brown's mother

    Mother of Kendrick Johnson writes letter to Michael Brown's mother

    Wednesday, August 20 2014 9:18 AM EDT2014-08-20 13:18:05 GMT
    The mother of Kendrick Johnson, a Georgia teenager found dead in a school gym mat, has written a letter to the parents of Missouri police shooting victim Michael Brown.
    The mother of Kendrick Johnson, a Georgia teenager found dead in a school gym mat, has written a letter to the parents of Missouri police shooting victim Michael Brown.
  • Louisiana Purchase Zoo making strides to regain accreditation while other projects are put on hold

    Louisiana Purchase Zoo making strides to regain accreditation while other projects are put on hold

    Tuesday, August 19 2014 8:12 PM EDT2014-08-20 00:12:48 GMT
    MONROE, La. (KNOE 8 News)- The splash pad at the Louisiana Purchase Zoo should be flowing with water, but the money had to flow elsewhere.
    MONROE, La. (KNOE 8 News)- The splash pad at the Louisiana Purchase Zoo should be flowing with water, but the money had to flow elsewhere.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.