| There is good news for the housing market as prices are rising, sales are climbing and new home construction is starting to take off again. Sales of previously owned homes climbed steadily in October, rising to a 4.79 million annual rate, according to the National Association of Realtors.
The sales rate beat most economists expectations and is 11 percent higher than a year ago, reports Bloomberg. Last month's gains in the real estate market are being sustained by low borrowing costs and improvements in the job market...............................................Full Article: Source
|