Home Real Estate This Week: Home sales, Best Buy earns, consumer spending

This Week: Home sales, Best Buy earns, consumer spending

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A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BAROMETER The National…

A look at some of the key business events and economic indicators upcoming this week:

HOUSING MARKET BAROMETER

The National Association of Realtors reports its October tally of U.S. home sales Monday.

Economists predict sales of previously occupied U.S. homes eased to a seasonally adjusted annual rate of 6.2 million properties last month. That would represent a slightly slower pace than the 6.29 million reached in September, the strongest pace since January. A modest rise in mortgage rates has helped motivate buyers who can afford to purchase a home to get off the sidelines.

Existing home sales, in millions, seasonally adjusted annual rate:

May 5.78

June 5.87

July 6.00

Aug. 5.88

Sept. 6.29

Oct. (est.) 6.20

Source: FactSet

ANOTHER SOLID QUARTER?

Strong…

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