U.S. existing home sales surge in September

`` Sales of existing homes rose 4.7 percent in September to the second-highest pace in eight years, as continued low interest rates and pent-up demand supported the housing recovery... September's rise follows a sharp drop in August, which came on the heels of three straight months of gains. August's sales were revised down to 5.3 million from an initial estimate of 5.31 million.''