November Existing Home Sales Rise 0.6%

December 28, 2006 10:10 AM, EST

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xisting home sales rose 0.6% in November, the National Association of Realtors said Thursday.

The level rose to a 6.28 million annual rate following a 0.5% gain in October, NAR said.

Purchases gained 6% in the Northeast and 0.8% in the West, while they fell 1.6% in the South. Midwest sales were unchanged.

xisting home sales account for 85% of the residential real estate market in the United States. When a home is sold, trucks are usually used to transport household appliances and furniture.