A report last week from the National Association of Realtors revealed that October was a remarkable month for home sales. What was so special? Existing-home sales rose to a seasonally-adjusted annual rate of 5.6 million, slightly higher than the year's cyclical high point of 5.57 million in June! Even more incredible is the fact that October's numbers were the highest since February 2007. If that sounds impressive to you, you aren't alone; the NAR's chief economist, Lawrence Yun, described October's numbers as an "autumn revival" to the housing market!
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