Existing-home sales up 4% in November

WASHINGTON (MarketWatch)
Existing-home sales rose 4% in November to a seasonally adjusted annual rate of 4.42 million, the National Association of Realtors reported Wednesday.
Economists were looking for a gain from the prior month, echoing other recent positive housing data. The median price of homes in November fell 3.5% to $164,200 from the prior year.
Housing inventory in November fell 5.8% to 2.58 million existing homes, a seven-month supply