U.S. Home Sales Hit Highest Level In 11 Years

Home sales in the U.S. increased more than expected in November, reaching an 11-year high. This is the latest indication that housing is regaining some momentum after almost stalling this year. The report was issued by the National Association of Realtors on Wednesday. Existing home sales surged 5.6 percent in November when economists had predicted sales rising only 0.9 percent.