October existing-home sales remain strong, says NAR
Sales of existing single-family homes held steady last month, setting a pace that was the fourth highest on record, according to the National Association of Realtors.
Existing-home sales slipped 0.1 percent in October to a seasonally adjusted annual rate of 6.75 million units from an upwardly revised level of 6.76 million in September. Last month's sales activity was 5.6 percent above the 6.39-million unit pace in October 2003.