NEW YORK (CNNMoney) — Homebuyers scooped up more previously owned homes in October, slowly putting a dent in the huge inventory on the market, an industry report showed Monday. Sales of existing homes rose 1.4% last month to an annual rate of 4.97 million homes, up from a downwardly revised 4.90 million homes in September, the National Association of Realtors reported Monday. That was higher than expected. Economists polled by Briefing.com had expected an annual rate of 4.85 million homes in October. Compared to a year ago, the rate of […]