A burst of activity in the Northeast was out front of a month-over-month escalation in existing home sales. Still, there was a year-over-year decline.

Existing home sales — including single-family homes, townhomes, condominiums and co-operatives — came to 458,000 units during October.

With the latest activity, U.S. pre-owned residential property sales amounted to 4.659 million units during the 10 months that concluded on Oct. 31.

Source: Mortgage Daily