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Existing Home Sales Rebound after August Dip
Thursday, October 22, 2015
The sharp downturn in existing home sales in August now seem
little more than a fluke as sales resumed their positive pattern in September. The National Association of Realtors® (NAR) said today that
sales of existing single family homes, condos, townhouses, and coops rose last
month by 4.7 percent, about the same size of the previous month's decline.
Sales were at a seasonally adjusted annual rate of 5.55
million compared to a slight downwardly revised 5.30 million in August. The
increase was above the highest of analysts' estimates which ranged from 5.25
million to 5.50 million with a consensus of 5.35 million.
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