Sales of existing US homes plunged in…

Sales of existing US homes plunged in December, exposing the fragility of the housing recovery and its dependence on government stimulus.
Existing home sales fell 16.7 percent last month, according to a survey released Monday by the National Association of Realtors. The report showed that 5.45 million existing homes were sold last month, down from 6.54 million in November. Economists had expected sales to decrease at a slower rate of 11.6 percent.

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