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Existing-home sales rebounded in September

screen-shot-2016-10-20-at-9-10-28-amRise ends two-month slide as housing sector shows signs of stabilizing

By Ben Leubsdorf and Jeffrey Sparshott | The Wall Street Journal

Home-buying activity picked up in September following a two-month slide, a rebound that pointed to stabilization in the U.S. housing market.

Sales of previously owned homes rose 3.2% from August to a seasonally adjusted annual rate of 5.47 million, the National Association of Realtors said Thursday. Economists surveyed by The Wall Street Journal had expected a more modest 0.4% increase to a sales rate of 5.35 million in September.

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