After reporting a decrease in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing existing home sales rebounded by much more than expected in the month of September.
NAR said existing home sales spiked by 7.0 percent to an annual rate of 6.29 million in September after slumping by 2.0 percent to a rate of 5.88 million in August. Economists had expected existing home sales to jump by 3.6 percent to a rate of 6.09 million.
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