U.S. existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors Tuesday.
Total existing-home sales grew 2.0 percent from an upwardly revised 5.49 million in September to a seasonally adjusted annual rate of 5.60 million in October, beating market consensus of 5.42 million.