US home sales accelerated in September to their fastest pace since February as mortgage rates eased
Declining mortgage rates and a 14% rise in inventory boosted U.S. existing home sales to a 4.06 million annual rate, the fastest pace since February, National Association of Realtors said.
- US home sales rose 1.5% in September from August to a seasonally adjusted annual rate of 4.06 million units, the highest pace in seven months.
- Inventory increased 14% from a year ago to 1.55 million units for sale at the end of September, matching a five-year high.
- The median price of a home sold in September was $415,200, up 2.1% year-over-year and the 27th consecutive month of annual gains.
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September interest rate cut spurred uptick in home sales: REALTORS
The housing market for existing homes got slightly busier in September, with 1.5% more sales than the previous month, according to data from the National Association of Realtors (NAR). Lenders attribute the increase to last month’s interest rate reduction that spurred more attractive mortgage loans. More homes were sold in the Northeast, South and West in September than in August. Sales in the Midwest fell from the previous month. Comparing Sept…
Home Sales Are Picking Up Again
Sales of previously occupied US homes accelerated in September as declining mortgage rates and a pickup in available properties on the market encouraged home shoppers. Existing home sales rose 1.5% last month from August to a seasonally adjusted annual rate of 4.06 million units, the National Association of...
Existing home sales rise in September as mortgage rates decline
UNITED STATES - Sales of previously occupied homes in the US increased in September, driven by declining mortgage rates that encouraged home shoppers. According to the National Association of Realtors, existing home sales rose 15% last month from August.
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