U.S. existing home sales pace highest in 2-1/2 yrs
WASHINGTON (Reuters) – Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular, a survey showed on Monday.
The Nationalsaid sales surged a record 10.1 percent month-over-month to an annual rate of 6.10 million units, the highest since , from a downwardly revised 5.54 million-unit pace in September.
Analysts polled by Reuters had expected October sales to jump to a 5.70 million-unit pace from the previously reported 5.57 million units in September. Compared to October last year, home sales were up by a record 23.5 percent.
Blog Archive2013-01-02 19:21:29
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