Existing home sales plummet 16.7% in Dece
Sales of U.S. existing homes plunged 16.7% in December to a seasonally adjusted annual rate of 5.45 million from 6.54 million in November as a popular tax credit was set to expire, a national real estate trade group estimated Monday.
The 16.7% percentage decline from November to December was the largest on record, the National Association of Realtors reported.
