A year of falling home sales ends with prices rising incrementally.

According to data released by the National Association of Realtors on Tuesday, sales of previously owned homes dropped 0.7% in January, capping a year of declines.

Although the rate of decline was smaller than in December (when sales were down 1.5%), overall sales are almost 37% below a...

JULY HOME SALES OBSERVE A RISE

Highlights

• The improvement in the housing market is good for the economy
• Jobless claims raise concerns over its sustainability

According to the National Association of Realtors, sales of existing homes increased by 24.7% in July. In ...