Existing Homes Selling at Year's Fastest Pace

(RECAP: Existing home sales, which ended four straight months of gains with a 1.8 percent decline in August, bounced back in September the National Association of Realtors® (NAR) said today. Sales increased 2.4 percent to a seasonally adjusted annual rate of 5.17 million homes, the highest pace of the year, from the August rate of 5.05 million. Despite the recovery, sales in September are still 1.7 percent lower than in September 2013. Existing homes were selling then at a rate of 5.26 million.)