Reported 3 days ago
Pending home sales in the US showed a 2.2% increase in November, suggesting a potential recovery in the housing market for 2025 following the challenges faced in 2024 due to high mortgage rates. Analysts point to factors like a slowing economy and rising unemployment that could lead to lower mortgage rates, making home buying more accessible. If rates can trend towards 6%, demand is expected to significantly rise next year.
Source: YAHOO