After having its biggest month-over-month decline in ten years from October to November, existing home sales had their biggest month-over-month increase since January 2002 from November to December. And as shown in the table at right, the 6.5% increase was the best December reading for sales over the last decade. Unfortunately, the December existing home sales number of 4.74 million was also the second lowest over the last ten years, behind November's horrific reading of 4.45 million. At least December was better than November!
My comment: See! Do you realize how to analysis the information?! Yes, the % is up from Nov. to Dec. However, the total number of house sales is still in deep downtrend. So, unless it has performed 6 months in a row in growth. There is nothing bullish about yet.
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