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U.S. Existing Home Sales Climb to Highest Since Early 2007 | Tony Seruga
Nov
22

U.S. Existing Home Sales Climb to Highest Since Early 2007

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  • Reflects pent-up demand in month before spike in rates
  • Housing inventory falls from year ago for 17th straight month

Sales of previously owned U.S. homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month before a jump in borrowing costs, National Association of Realtors data showed Tuesday…

U.S. Existing Home Sales Climb to Highest Since Early 2007

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