Sales of Existing Homes Post 10% Gain in September

Sales of previously owned homes rose in September for the second straight month. Data released by the National Association of Realtors (NAR) Monday revealed a 10 percent jump in existing-home sales last month.

The month-to-month gain was more than analysts were expecting, and NAR declared in a statement to the press that the latest numbers “affirm a sales recovery has begun.” Some market observers, though, suggest such an assertion is premature.

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