BY JEFF BATER, Wall Street Journal
A forecasting gauge of existing-home sales unexpectedly rose in December, according to a report suggesting the housing market is steadying after sharp swings caused by a government tax credit.
The National Association of Realtors’ index for pending sales of previously owned homes increased by 1.0% to 96.6 in December from a revised 95.6 in November, the industry group said Tuesday.
Economists surveyed by Dow Jones Newswires had expected pending home sales would remain flat in December.
The NAR …