Existing home sales increased 1.4% in October to a seasonally adjusted 4.97 million-unit rate, after a downwardly revised 4.90 million unit rate in September, the National Association of Realtors announced Monday.

Economists polled by Thomson Reuters predicted 4.80 million sales.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.