US home sales increased more than expected in November, hitting their highest level in nearly 11 years, the latest indication that housing was regaining momentum after almost stalling this year.
The National Association of Realtors said on Wednesday that existing home sales surged 5.6 per cent to a seasonally adjusted annual rate of 5.81 million units last month amid continued recovery in areas in the South ravaged by Hurricanes Harvey and Irma. That was the highest level since December 2006…
Source : South China Morning Post
Read more…US home sales hit highest level in almost 11 years as supplies of houses stay tight
