US New Home Sales Recover in November After Hurricane Impact

Reported 1 day ago

Sales of new single-family homes in the US saw a notable increase of 5.9% in November, rebounding from the previous month's downturn due to hurricanes, with an annual rate of 664,000 units reported. While the average interest rate for a 30-year fixed mortgage climbed to 6.72%, concerns persist about the potential impact of rising mortgage rates on future sales.

Source: YAHOO

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