Existing Home Sales Declined 2.5% in November : vimarsana.co

Existing Home Sales Declined 2.5% in November


IAC Shares Rally 14% After Vimeo Spin Off Announcement
Vimeo is the 11th spinoff of a public company by IAC, which bought the video-production platform back in 2006. A November private fundraising round valued Vimeo at about $2.75 billion.
The platform has posted strong sales growth after shifting focus from competing with YouTube to providing more sophisticated video production and editing tools.
Investors cheered the news, and one analyst estimated its public market value around $4.5 billion. Shareholders in IAC will get distributions of Vimeo shares some time early next year.
In November, Existing Home Sales Declined 2.5%
It was the first decline in existing home sales in five months, and it happened for a few reasons. First, prices have been rising as Covid-19 set off a homebuying boom. Second, the recovery in the jobs market has slowed.

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