November Home Sales Hit Strongest Pace in Nearly 11 Years

November home sales hit their strongest pace in almost 11 years.

The National Association of Realtors said that home sales were up 5.6 percent for a seasonal annual rate of 5.8 million units.

Sales were credited by a fast economic growth, record stock market highs and job gains.

Prices of homes also went up, with the average price for an existing home was $248,000.

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