Reported 11 days ago
US existing-home sales rose to an annualized rate of 4.15 million in November, marking the highest level in six months, despite mortgage rates exceeding 6%. The increase reflects a growing acceptance among buyers towards current mortgage costs and a slight improvement in housing inventory. However, affordability remains a concern with median home prices hitting a record $406,100 and annual sales expected to remain below last year's figures, which were the lowest since 1995.
Source: YAHOO