US existing home sales rise to near 10-year high

Real Estate Naples Fl call 786-800-8646 are you looking to purchase a real estate call and we will help you, also let us your email, we will answer. Thank you. GO: NaplesRoyalProperties.com and find your new home. Estas buscando para comprar una propiedad llamanos y te ayudamos, tambien puedes dejarnos tus preguntas y tu email. gracias. * Existing home sales increase 0.7 percent in November * Supply of houses on the market falls 8.0 percent * Median house price rises 6.8 percent from year ago WASHINGTON, Dec 21 (Reuters) - U.S. home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in low interest rates in anticipation of further increases in borrowing costs. The third straight monthly increase in existing home sales, reported by the National Association of Realtors on Wednesday, suggested housing would contribute to economic growth in the fourth quarter after being a drag in the previous two quarters. Existing home sales increased 0.7 percent to an annual rate of 5.61 million units last month, the highest sales pace since February 2007. October's sales pace was revised down to 5.57 million units from the previously reported 5.60 million units. Economists had forecast sales slipping 1.0 percent to a 5.50 million-unit pace in November. Sales were up 15.4 percent from a year ago. They rose in the Northeast and South, but fell in the Midwest and West last month.