U.S. existing home sales rise 10 pct in September

WASHINGTON, Oct 25 (BestGrowthStock) – Sales of previously owned
U.S. homes rose more than expected in September, an industry
group said on Monday, indicating the housing market was
stabilizing at weaker levels.

The National Association of Realtors said sales increased
10 percent from August, rising for a second straight month, to
an annual rate of 4.53 million units. August’s sales pace was
revised slightly down to a 4.12 million-unit pace.

Analysts polled by Reuters expected existing home sales to
increase 4 percent to a 4.30 million-unit pace from the
previously reported 4.13 million units in August.
(Reporting by Lucia Mutikani; Editing by James Dalgleish)

U.S. existing home sales rise 10 pct in September