NEW YORK, Dec. 19 (Xinhua) -- Sales of existing homes rose in November in the United States, notching the biggest year-over-year gain in more than three years after a higher supply of homes for sale gave buyers more opportunities, reported The Wall Street Journal (WSJ) on Thursday.
"The inventory of homes for sale has been extremely low in recent years because homeowners haven't wanted to give up their low mortgage rates by selling and moving. But supply has risen this year, in part because some of those homeowners are getting impatient, especially if they have had a life change like a new baby or a job relocation," noted the report.
