U.S. Existing Home Sales Have Increased in Six of Last Seven Months

Sales of existing homes rose 10.1% to 6,100,000 units in October, building further on the strong 8.8% (revised from 9.4%) gain in September. Expectations within financial markets had been for a more moderate 2.3% rise. Existing home sales have now increased in 6 of the last 7 months. Months’ supply…

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