Because of income growth and more homes on the market, October did much better this year in comparison to last. The number of homes sold was up 2.2 percent from last year, and mortgage rates experienced a 4 percent drop. According to national real estate brokerage Redfin, "In the past two months the number of homes for sale was up 9 percent over last year." Meanwhile, unemployment dropped to 5.8 percent. [Redfin]
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