Sales of previously occupied US homes rose for the third straight month in November, driven by strong demand, low mortgage rates and intense competition for a relatively low number of properties on the market. - AP.
SALES of previously owned United States homes increased for a third-straight month in November, indicating steady job growth and still-low mortgage rates are helping bolster demand even as inventory remains lean.
Contract closings increased 1.9% from the prior month to an annualised 6.46 million.
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