US Home Resales Climb to Strongest Pace Since 2023

US previously owned home sales climbed in December to the fastest pace since 2023, a welcome sign for a housing market that has lacked momentum for several years.

Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National Association of Realtors. The pace exceeded all forecasts in a Bloomberg survey of economists.