Washington Reporter
Home sales made an unexpected 10.1 percent jump in October, taking the annual rate up to 6.1 million homes from 5.54 million in September, the
Wall Street Journal reports. The rise continues a gradual upward trend in sales of existing homes fueled by a generous tax incentive that Congress recently extended to April 2010.
Regionally, sales in October, compared to the previous month, rose 11.6 percent in the Northeast, 14.4 percent in the Midwest, 12.7 percent in the South and 1.6 percent in the West.
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