Sales of previously owned U.S. homes climbed in October, indicating gains in the real estate market are being sustained by cheap borrowing costs.
November 19, 2012 at 12:00 AM
1 minute read
Sales of previously owned U.S. homes climbed in October, indicating gains in the real estate market are being sustained by cheap borrowing costs.
Purchases of existing houses, tabulated when a contract closes, increased 2.1 percent to a 4.79 million annual rate, the National Association of Realtors said Monday.
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