Sales of previously occupied U.S. homes rose for the third straight month in November, driven by strong demand, low mortgage rates and intense competition for a relatively low number of properties on the market.
Existing homes sales rose 1.9% last month from October to a seasonally-adjusted annual rate of 6.46 million units, the National Association of Realtors said Wednesday. That was below the 6.51 million units that economists had been expecting, according to FactSet.
