91ÊÓƵ

Existing homes sales increased 6.5% in November, while the median price of a home fell 15% from the same month last year, the biggest drop on record, the National Association of Realtors said Monday.

91ÊÓƵ sales rose to an annual rate of 4.74 million homes, NAR said.

Econos had forecast home resales would fall to an annual rate of 4.4 million, Bloomberg reported.