(MT Newswires) -- Sales of previously owned US homes unexpectedly increased 0.8% in November from a month earlier to a 3.82 million annualized rate, although purchases were down 7.7% from a year ago on an unadjusted basis. Zillow (ZG) chief economist Skylar Olsen discusses the state of the US housing market and the impact of falling mortgage rates.
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- News Zillow Group, Inc.
- US Existing Home Sales Rebound From 13-Year Low