October existing home sales rise 2.0 percent but still down 0.9 percent year-on-year

Existing-home sales increased in October by 2.0 percent to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month.  After last month's increase, sales are at their strongest pace since June (5.51 million), but still remain 0.9 percent below a year ago.

READ MORE