Housing

Sales of previously owned homes jumped 10.1 percent in October from September to their highest pace in more than two years, driven in part by a lucrative tax credit for first-time home buyers, according to industry data released Monday. The National Association of Realtors reported that sales of existing single family homes, townhomes and condominiums surged to a seasonally adjusted annual rate of 6.10 million units last month from a downwardly revised rate of 5.54 million in September -- the highest pace since February 2007. Sales were up 23.5 percent from the same time last year.

Nov 23 · 2:16:00 PM · Source: Washington Post
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by Larry Etter