U.S. existing-home sales rise 10.1% to 6.1 million
Market Watch - 1 hour 1 minutes agoResales of U.S. homes increased 10.1% in October to a seasonally adjusted annual rate of 6.10 million, the National Association of Realtors estimates.
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Resales of U.S. homes increased 10.1% in October to a seasonally adjusted annual rate of 6.10 million, the National Association of Realtors estimates.
Resales of U.S. homes increased 10.1% in October to a seasonally adjusted annual rate of 6.10 million, the National Association of Realtors estimates.
ASSOCIATED PRESS WASHINGTON - Home sales far exceeded expectations last month, surging to the highest level in 2½ years as first-time buyers rushed to take advantage of an expiring tax credit. The National Association of Realtors said Monday that home resales rose 10.1 percent to a seasonally adjusted annual rate of 6.1 million in October, from a downwardly revised pace of 5.54 million in ...
NEW YORK (AP) — Stocks are surging as a report showing a big jump in home sales renews the market's optimism about the economy. The National Association of Realtors says home sales rose 10.1 percent in October, spurred by a tax credit for first-time homebuyers.
Wall Street rallied on Monday, with the S&P set to reverse a three-day sell-off, as a weak U.S. dollar and better-than-expected home sales data encouraged investors.
Home sales surged for the second month in a row in October, climbing to the highest level in 2{ years as first-time buyers rushed to take advantage of an expiring tax credit.
World markets rose sharply Monday amid further hopeful signs about the global economic recovery. Commodity stocks led the charge, particularly in London, after gold hit another record high.
Sales of previously owned U.S. homes jumped last month to their highest level in more than 2-1/2 years, but a fall in an economic activity gauge was a reminder recovery from recession would be patchy.
The safe-haven dollar began the week lower as a Federal Reserve official urged the continuation of stimulus programs and as home sales in October greatly exceeded market expectations, revving up traders' taste for higher-yielding assets.
Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Monday.
A weaker dollar and better-than-expected data on the housing market are sending investors back into stocks after a three-day losing streak.
Retail gasoline prices headed downward to begin one of the country's busiest travel weeks, with more than 33 million people expected to hit the road for the Thanksgiving holiday.
Existing home-sales surged to the highest level in 2.5 years as first-time buyers rushed to take advantage of an expiring tax credit.
U.S. stocks rose on Monday, with the S&P on track to break a three-day sell-off, after data showed existing home sales rose to their highest level in 2-1/2 years and investors were reassured by a Fed official's comments.
Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
A rush to cash in on tax incentives helped propel sales of existing US home by 10.1 percent in October, giving momentum to the ailing sector, industry data showed Monday.