US home sales rose in October as hurricane impact wanes
WASHINGTON (AP) — Americans bought more homes last month, as sales snapped back in hurricane-hit Texas and Florida. Yet the market is still suffering from a dwindling supply of available homes.
The National Association of Realtors says sales rose 2 percent in October to a seasonally adjusted annual rate of 5.48 million. That’s the fastest pace since June.
Still, sales have slipped 0.9 percent from a year ago. The number of available homes has fallen 10.4 percent from a year earlier t
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