- Sales of previously owned homes leaped 9.4% in September to a seasonally adjusted annual rate of 6.54 million, the National Association of Realtors announced Thursday.
- The reading marks the fourth-straight month of accelerating sales, and the latest rate is the fastest since 2006.
- Economists surveyed by Bloomberg expected the sales rate to climb to 6.3 million from August’s revised 5.98 million.
- The US housing market has served as a bright spot in the slowing economic recovery as record-low mortgage rates drive more Americans to buy units.
Existing-home sales in the US beat expectations in September as historically low mortgage rates further fueled the housing market’s rally.
Sales surged 9.4% to a seasonally adjusted annual rate of 6.54 million last month, the National Association of Realtors announced Thursday. That pace is the fastest since 2006 and comes after four consecutive months of acceleration in