Braking Down The News

U.S. Home Sales on Track for Biggest Year in 15 Years

Existing-home sales rose 0.8% in October, the highest pace since January


U.S. home sales rose in October as buyers continued to compete for a limited number of homes for sale.

Existing-home sales increased 0.8% in October from the prior month to a seasonally adjusted annual rate of 6.34 million, the highest pace since January, the National Association of Realtors said Monday. Still, October sales fell 5.8% from a year earlier, when the market was at its peak for this cycle.


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