October Existing Home Sales Beat Expectations For Second Consecutive Month

Existing home sales beat expectations for the second consecutive month in October, rising 2 percent from September to 5.6 million units at a seasonally adjusted annual rate (SAAR), according to the National Association of Realtors. Demand for homes remains very strong, and existing home sales are now up 5.9 percent from a year earlier, the strongest pace of annual growth since January.

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