Sales of previously owned homes rose to a new 14-year high in October while median home prices again hit new highs.
Existing-home sales rose 4.3% in October from September to a seasonally adjusted annual rate of 6.85 million, the highest level since February 2006, the National Association of Realtors said Thursday. The October sales marked a 26.6% increase from a year earlier.
Economists…
This post first appeared on wsj.com
