WASHINGTON -- Existing single-family home sales rose in November on the strength of lower interest rates, according to the National Association of Realtors.
Existing home sales increased 4.4% to a seasonally adjusted annual rate of 5.22 million units in November from an upwardly revised pace of 5 million units in October. Last month’s sales activity was 1.4% above the 5.15-million unit pace in November 1999.