Existing Home Sales Rise 10%

Existing home sales jumped 10% in September, the National Association of Realtors said Monday.

The gain to an annual rate of 4.53 million, from 4.12 million in August, was bigger than economists estimates of a rise to a 4.3 million rate, Bloomberg reported.

The median price of existing homes fell 2.4% from a year ago, and existing home sales were down 19% from a year ago before seasonal adjustments, Bloomberg said.