US EditionUS homes sales rose in October as homebuyers seized on declining mortgage rates
Existing-home sales rose to 4.10 million annual rate in October as mortgage rates fell to 6.25%, with first-time buyers increasing to 32% of sales, NAR reported.
- Sales of previously owned homes in the US rose 1.2% in October from September to a seasonally adjusted annualized rate of 4.1 million units, according to the National Association of Realtors.
- The median price of a home sold in October was $415,200, up 2.1% from October 2024, marking the 28th consecutive month of annual gains.
- First-Time homebuyers represented 32% of sales in October, up from 27% a year ago, but face challenges due to lack of supply in the Northeast and high home prices in the West, said Lawrence Yun, chief economist for the Realtors.
45 Articles
45 Articles
Existing-Home Sales Rise to 8-Month High in October as Inventory Falls
A slight easing of mortgage rates led to an uptick in the sale of existing homes in October, along with a modest decrease in unsold inventory, but median sales prices continued to rise. Existing-home sales in October jumped by 1.2 percent from September to a seasonally adjusted annual rate of 4.1 million units—an eight‑month high, according to the National Association of Realtors (NAR). Year over year, sales were up by 1.7 percent. Sales were st…
U.S. Home Sales Hit Eight-Month High Despite Record October Prices
The sales of homes in the U.S. picked up in October as falling mortgage rates drew more buyers back into the market. Existing home sales rose 1.2% to an annual rate of 4.10 million, the fastest pace since February and slightly above economists’ expectations, according to the National Association of Realtors. Sales of previously owned homes in the US rose at the fastest pace in eight months in October, as buyers took advantage of lower mortgage r…
US homes sales rose in October as homebuyers seized on declining mortgage rates
Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. The National Association of Realtors said Thursday that existing home sales rose 1.2% in…
US homes sales rose in October as homebuyers seized on declining mortgage rates
Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. Existing home sales rose 1.2% in October from the previous month to a seasonally adjusted annual rate of 4.10 million units, the National Association of Realtors said Thursday. Sales [...]
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