US existing home sales grow 3.5pc in October
By Iain Gilbert
Date: Thursday 21 Nov 2024
(Sharecast News) - Existing home sales increased by 3.5% in October, according to the National Association of Realtors, up from September's 14-month low.
Existing home sales hit a seasonally adjusted annualised rate of 3.96m in October, slightly ahead of market expectations for a reading of 3.93m.
Existing home sales prices were also higher, up 4% at $407,200 to put a stop to a three-month-long streak of declining home prices.
Reporting by Iain Gilbert at Sharecast.com
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