Existing-home sales advance for 3rd consecutive month
Existing-home sales advance for 3rd consecutive month
By Olivia Rockeman | Bloomberg
Sales of previously owned U.S. homes increased for a third straight month in November, indicating steady job growth and still-low mortgage rates are helping bolster demand even as inventory remains lean.
Contract closings increased 1.9% from the prior month to an annualized 6.46 million, the strongest pace since January, figures from the National Association of…