Reported 2 days ago
In November, existing home sales experienced a significant increase of 4.8% from October and 6.1% year-over-year, according to the National Association of Realtors. Zillow's chief economist, Skylar Olsen, attributes this rise to a robust inventory from existing homeowners and the resilience of buyers navigating through rising mortgage rates. While optimism surrounding these numbers is high, Olsen warns that significant price corrections are unlikely to occur in the new year, with any relief for affordability likely stemming from lower mortgage rates.
Source: YAHOO