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National Association of Realtors economist Lawrence Yun Job growth across the US is “starting to slowly push up wages,” says NAR’s Yun.

WASHINGTON, DC—Sales of existing homes including for-sale apartments were up 2% in October to reach their strongest pace in months, the National Association of Realtors said Tuesday. However, the pace is still slower by 0.9% than a continued shortage of inventory led to fewer closings on an annual basis for the second consecutive month.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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