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November 20, 2020

Existing home sales up 4.3% in October

By KEN SWEET
AP Business Writer

CHARLOTTE, N.C. — Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before the housing bubble popped 14 years ago.

The National Association of Realtors said Thursday existing homes sales rose 4.3% to an seasonally adjusted rate of 6.85 million annualized units. Reflecting the searing-hot housing market, that figure is up 26.6% from a year earlier.


 
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