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US home sales rose in October, notching their first annual gain in more than three years

  • U.S. Home sales increased by 3.4% in October, reaching a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors.
  • There was a 2.9% rise in sales compared to October last year, marking the first annual gain since July 2021.
  • The national median sales price of homes rose 4% year-over-year, reaching $407,200, continuing a 16-month trend of increasing prices.
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