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| Existing-Home Sales Increase for the First Time in Six Months |
| By RISMedia Staff |
October existing-home sales increased last month, after six straight months of decreases, the National Association of REALTORS® reported Wednesday. Three of four major regions saw gains in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.4 percent from September to a seasonally adjusted rate of 5.22 million in October. Sales are now down 5.1 percent from a year ago (5.5 million in October 2017). Lawrence Yun, NAR’s chief economist, says increasing housing inventory has brought more buyers to the market. “After six consecutive months of decline buyers are finally ...
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