Reported 21 days ago
According to recent data, home sales in the U.S. have seen a notable increase compared to last year, with a 14% rise in homes under contract pending. While mortgage rates remain around 7%, which is slightly lower than the 8% seen last year, the market shows signs of resilience with prices stable and new listings up 17%. However, the overall market is not considered strong, as challenges like high mortgage rates persist, raising questions about the sustainability of this growth as the year ends.
Source: YAHOO