Home sales climb to 8 month high
(CNN)– Sales of previously-owned homes rose last month.
The National Association of Realtors said Thursday, Nov. 20, sales of existing home climbed 1.2% in October from the prior month.
That’s the highest level since February, and a sign that lower mortgage rates have been luring buyers.
Mortgage rates declined in recent months, in anticipation of the Federal Reserve lowering interest rates in September and October.
But they’ve been edging up over concerns about what the Fed may do in December.
