Home sales tick up amidst good economic news ahead of the holidays

The video discusses the rise in home sales by 2% in October, marking a 5% increase from the previous year. Professor Terry Clower notes that buyers and sellers are adjusting to current prices and interest rates. The video also highlights a decrease in unemployment claims for the third consecutive week and a 2.8% economic growth from July to September, indicating a stable economic environment.

What does the increase in contracts to buy and sell homes in October indicate about the housing market?

According to George Mason University Professor Terry Clower, what are buyers and sellers becoming comfortable with?

What does the Labor Department's announcement about unemployment claims suggest about the job market?

What was the overall economic growth percentage from July to September?

How does the speaker characterize the current state of the economy?