WASHINGTON -- The market for existing single-family home sales rose in November and set the stage for a possible record year, according to the National Association of Realtors (NAR).
Existing-home sales increased 0.6% to a seasonally adjusted annual rate of 5.21 million units in November from an upwardly revised pace of 5.18 million units in October. Last month's sales activity was 1.7% below the 5.30-million unit pace in November 2000.