Mon, 19 Nov 2012 16:12:05 GMT
U.S. existing home sales rally more than expected
According to data released by the National Association of Realtors, the U.S. existing home sales advanced 2.1% to 4.79 million on seasonally adjusted basis in October, showing better-than-expected results. The existing home sales inventory dropped 1.4% to 2.14 million throughout the last month. "In view of the tightening supply and other improving conditions, many potential buyers who were on the