Existing home sales price drops, sales are up; weak market shows signs of firming.
"median price of a home sold in November was $218,000, down 3.1 percent from the $225,000 in November 2005."
"While month-to-month prices are somewhat volatile, year-over-year declines in home prices are relatively rare and are seen as a significant sign of weakness in the real estate market. Until it occurred in August, there hadn't been such a drop in 11 years"
"Wachovia economist Phillip Neuhart sees the mild increase in sales as a firming in the foundation of the housing market"
"But Jeoff Hall, chief U.S. economist for Thomson Financial, told CNNMoney.com that the market hasn't hit bottom yet."
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