Sales of U.S. homes, including new and previously-owned, rose unexpectedly in October to their highest level since the start of the year as recovery-related employment level gains propelled a healthy demand for accommodation.
According to figures from the National Association of Realtors, there was an increase in the share of investors buying up homes last month, reflecting a growth in rentals as people start moving around for work. Contract closings increased 0.8 percent from September, totaling an annualized 6.34 million.
