home sales

 Many economists and experts continue their lauding the achievements made to date that moved us forth from where we had been in the crisis. They say that the worst of the US recession is over now and improved reports in jobs, consumer spending and housing are taken as an index of recovery.

U.S. stocks got a sharp growth, with the S&P on track to break a sell-off lasted for three days, after data showed existing home sales rose to their highest level in two-and-a-half years and investors were made believed by a Fed official's comments.
 The National Association of Realtors conducted a survey showed sales of previously owned U.S. homes rose 10.1 percent in October. The Dow Jones U.S. Home Construction index gained nearly 2 percent.

According to the figures US government presented Monday, sales of new single-family homes in the country soared more than it had been expected in June. At the same time, the inventory of homes for sale fell to a more than 11-year low. 

As the Commerce Department reported, sales grew by 11% to an annual rate of 384,000 last month, while the number of new homes still for sale fell to 281,000, the lowest level since February 1998.