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Condominium sales were the main driver of the 2.0% rise in existing home sales in May, which came in higher than the 1.2% gain expected by economists. Condo sales rose 5.5% in May, more than reversing the 5.2% monthly drop in April, while single family home sales rose 1.6% in the month to 4.99 million...
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Reports on the sales of existing homes for October were released on November 28 by the National Association of Realtors. On a slightly optimistic note, sales were up one-half percent to a seasonally adjusted annual rate of 6.24 million units compared to the upwardly revised figure of 6.21 million in...