9 reasons to be optimistic about housing

Plenty of good news has been coming in about housing lately. Here's a round-up.

December 2, 2011

5. Existing home sales make surprising October jump

Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of Realtors.

Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.90 million in September. More importantly, sales are 13.5 percent above the 4.38 million unit level in October 2010.

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