Existing home sales slide to cap biggest annual drop since 2008
Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of the housing market’s worst years on record amid a rapid jump in mortgage rates. Contract closings decreased 1.5% to an annualized pace of 4.02 million last month, the slowest rate since 2010, the according to … [Read more…]