September existing home sales rebound to 2-year high
The National Association of Realtors (NAR) said sales surged 9.4 percent to an annual rate of 5.57 million units, the highest level since July 2007, from a downwardly revised 5.09 million units in August.
Analysts polled by Reuters had expected September sales to rise to a 5.35 million unit pace from the previously reported 5.10 million units in August.
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)