The Virginia Tech Board of Visitors is meeting on Virginia Tech’s campus for its quarterly meeting, and a crucial vote on the agenda could have significant implications for the town of Blacksburg.

CHARLOTTE, N.C. – Sales of existing homes rose for a fifth straight month in October, the National Association of Realtors said Thursday, reaching a level not seen since before the housing bubble popped 14 years ago. Existing homes sales rose 4.3% to an seasonally-adjusted rate of 6.85 million annualized units, the industry trade group said. Reflecting the searing-hot housing market, that figure is up 26.6% from a year earlier. Realtors and housing market experts have said, despite the historical comparison, the housing market is in a different and healthier place than it was last time it was at these levels. The inventory of unsold homes sits at 2.5 months' supply, down from 2.7 months' supply in September.