According to the National Association of Realtors, existing home sales rose 10.1% over September’s revised figure of 5.54 million. This has been the largest monthly increase in a decade and above the pace expected by economists. First-time home buyers were rushing to take advantage of the expiring tax credit, which has now been extended. Learn more here: October home sales & Tax credit extension.
*CHART SOURCE: National Association of Realtors.
