U.S. home sales reach 2-year high in October

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U.S. home sales reach 2-year high in October

By Arkansas Democrat-Gazette Staff and Wire Reports

Posted: November 24, 2009 at 3:53 a.m.

Credit: The Associated Press
A house outside Los Angeles displays a sold sign. October home sales were up 10.1 percent as a tax credit spurred sales.

First-time homebuyers seized on an expiring tax credit, low mortgage rates and falling prices to elevate home sales in October to their highest level in 2 1 /2 years.

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Front Section, Pages 1 on 11/24/2009

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