Home Sales Reach Three-Year High

Existing home sales rose 5.9% in November to a three-year high, the National Association of Realtors said.

Sales rose to an annual rate of 5.04 million, the most since November 2009, the group said.

The level topped economists’ forecasts of a 4.9 million rate, Bloomberg reported.

© 2012, Transport Topics Publishing Group. All rights reserved.

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