Sales of previously owned homes leaped 9.4% in September to a seasonally adjusted annual rate of 6.54 million, the National Association of RealtorsThe reading marks the fourth-straight month of accelerating sales, and the latest rate is the fastest since 2006.
The US housing market has served as a bright spot in the slowing economic recovery as record-low mortgage rates drive more Americans to buy units.Existing-home sales in the US beat expectations in September as historically low mortgage rates further fueled the housing market's rally. Economists surveyed by Bloomberg expected the rate to climb to 6.3 million. August's pace of sales was revised lower to 5.98 million.World-beating fund manager Mike Trigg is bringing in huge returns by investing in 3 high-growth areas his peers neglect. He shares the keys to betting on each.
The median price for previously owned homes climbed 14.8% from the year-ago period to $311,800. Prices rose in all four regions of the country.
Who's doing the buying, the banks?
Make sure when you're buying a new house to a spot for a home office! WorkFromHome is here to stay. Might as well get comfortable
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