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Sales Of Existing Homes Hit Three-Year High

There was a 5.9 percent rise in sales of previously owned homes in November from October, the National Association of Realtors says.

At their 5.04 million annual rate, sales were the highest since November 2009.

"Momentum continues to build," NAR chief economist Lawrence Yun says in the organization's report.

As Reuters notes, "the U.S. housing market tanked on the eve of the 2007-09 recession and has yet to fully recover, but steady job creation has helped the housing sector this year, when it is expected to add to economic growth for the first time since 2005."

Earlier today, there was word that third-quarter economic growth has been revised upward again.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Beyond 'Sesame Street': A New Sesame Studios Channel On YouTube

Sesame Workshop, the company behind Sesame Street, unveils a new initiative to reach kids in a digital and mobile age. NPR gets a sneak peek.
NPR

Why This Seattle Chef Is Embracing A Higher Minimum Wage For Employees

Small businesses in Seattle have to pay a minimum of $15 an hour starting in 2021. But chef Renee Erickson has adopted higher pay for employees of her restaurant group ahead of schedule.
WAMU 88.5

The Politics Hour - May 6, 2016

Metro announces its maintenance plan--and the service disruptions it will cause. Election watchdogs question Baltimore primary results. And Republicans in our region are put on the spot about supporting GOP presidential candidate Donald Trump.

NPR

Beyond 'Sesame Street': A New Sesame Studios Channel On YouTube

Sesame Workshop, the company behind Sesame Street, unveils a new initiative to reach kids in a digital and mobile age. NPR gets a sneak peek.

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