Existing home sales jump to a 10-year high

US existing home sales rose more than expectedin January, according to the National Association of Realtors. Sales of existing condos, coops, townhomes, and single-family houses increased by 3.3%at a seasonally adjusted annual rate of 5.69million, the highest since February 2007. Economists had estimated that they rose 1.1% at a rate of 5.55 million, according to Bloomberg. Sales for December were revised higher. The data, like others on the housing market, are quite volatile month-to-month and ...