USA: +4.8% sales of existing homes in November

(CercleFinance.com) - Existing home sales in the U.
S. rose 4.8% in November, compared with the previous month, to a seasonally adjusted annual rate of 4.15 million, according to the National Federation of Realtors (NAR).

According to Lawrence Yun, NAR chief economist, ' The momentum of home sales is building. More buyers are entering the market as the economy continues to create jobs, housing supply increases over last year, and consumers get used to a new normal with mortgage rates between 6% and 7%.

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