Despite a drop in the rate of pre-owned home sales last month, 2016 turned out to best year for the nation’s existing home sales in a decade.

The final month of 2016 saw the sale of 437,000 existing homes — including single-family residences, condominiums and co-operatives.

Home sales escalated compared to November, when the number was an upwardly revised 418,000, and December 2015, when it was 436,000.


Source: Mortgage Daily