Sales of previously owned homes in the U.S. rose to a new 14-year high in September while robust demand and a shortage of homes for sale pushed house prices higher.
Existing-home sales rose 9.4% in September from August to a seasonally adjusted annual rate of 6.54 million, the highest rate since May 2006, the National Association of Realtors said Thursday. The September sales marked a 20.9% increase from a year earlier.
Economists…
