Sales of existing homes grew by 10.1% in October and were 23.5% higher than in October 2008, National Association of Realtors reported today.
Last month, home sales were at a seasonally adjusted annual rate of 6.10 million units, compared with September's revived figure of 5.54 million units and the 4.94 units sold in October 2008.
The association said the growth was fueled by consumers rushing to meet the deadline for the first-time homeowner tax credit, which has since been extended.
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