U.S. existing home sales fall as supply hits 17-year low

By Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales fell more than expected in December as the supply of houses on the market dropped to levels last seen in 1999, which could have limited choice for buyers. The National Association of Realtors said on Tuesday existing home sales decreased 2.8 percent to a seasonally adjusted annual rate of 5.49 million units. November's sales pace was revised up to 5.65 million units, which was the highest since February 2007, from the previously reported