The annual rate of existing home sales climbed to the highest level in nearly a decade as home shoppers sought relief from the summer’s tight inventory.
Home buyers closed on the purchase of 446,000 pre-owned homes during October, including single-family homes, townhomes, condominiums and co-ops.
Existing home sales dropped from the previous month, when 486,000 units were sold, while a modest rise occurred from 444,000 sales a year previous.
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From:: Financing