Sales of U.S. Previously Owned Homes Probably Rose in November

Sales of existing homes probably rose in November as the industry that triggered the worst recession in seven decades struggled to recover, economists said before a report today.

Purchases increased to a 4.75 million annual rate, up 7.1 percent from October, according to the median of 70 estimates in a Bloomberg News survey. Another report may show the U.S. economy expanded at a faster pace in the third quarter than previously estimated.