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RAB Research Archive

US existing home sales rise to 10-year high



U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy. The National Association of Realtors said that existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month. That was the highest level since February 2007.

Source: Reuters



View or Download: http://www.reuters.com/article/us-usa-economy-idUSKBN1611UZ

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