Reported about 6 hours ago
In September, existing home sales rose by 1.5% to an annual rate of 4.06 million, attributed to decreasing mortgage rates and an increase in available inventory. With rates dropping from 6.7% to 6.3%, more buyers were engaged, although first-time homebuyers represented only 30% of the market, indicating ongoing challenges. The inventory increased by 14% year-over-year, providing more options for buyers, particularly in the high-end market.
Source: YAHOO