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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (7039)	11/25/2002 10:41:56 AM
From: nextrade!	Read Replies (1) \| Respond to of 306849

Sales of Existing Homes Rise in Oct. WASHINGTON (Reuters) - Sales of existing U.S. homes rose 6.1 percent in October, the National Association of Realtors said on Monday, as low interest rates fueled home buying. Sales of previously owned homes climbed to a seasonally adjusted annual rate of 5.77 million units from an upwardly revised 5.44 million unit pace in September, NAR said. The October sales pace far exceeded the expectations of analysts polled by Reuters, who, on average, had expected a 5.37 million pace. "It is very clear that historically low mortgage rates continue to bolster activity in the housing markets," said David Lereah, NAR's chief economist