Existing home sales rise to 7-month high, helped by falling mortgage rates.

Existing home sales rose 1.5% last month from August to a seasonally adjusted annual rate of 4.06 million units, the National Association of Realtors said Thursday. That's the fastest sales pace since February.

The national median sales price climbed 2.1% in September from a year earlier to $415,200.
That’s the 27th consecutive month that home prices have risen on an annual basis and the highest median sales price for any September on data going back to 1999.