top of page
Search

Existing home sales unexpectedly rise - Click Here To Learn More

In November, there was a notable growth in existing-home sales, putting an end to a five-month streak of declines, as reported by the National Association of Realtors (NAR).


Among the major U.S. regions, sales saw an increase in the Midwest and South but declined in the Northeast and West. However, all four regions experienced a year-over-year decrease in sales.


The total number of existing-home sales, which includes completed transactions involving single-family homes, townhomes, condominiums, and co-ops, rose by 0.8% from October to reach a seasonally adjusted annual rate of 3.82 million in November. Comparatively, there was a 7.3% decline in sales year-over-year, down from 4.12 million in November 2022.

5 views0 comments

Recent Posts

See All

Mortgage rate optimism jumps significantly

The early stirrings of the spring housing market have been prompted by a notable decline in mortgage interest rates in December. With rates now approximately one percentage point lower than they were

Mortgage applications rise 9.9%

In the week ending January 5, mortgage application volume experienced a notable increase of 9.9%, marking the most substantial surge in a year, as reported by the MBA. This heightened activity is some

Homebuyers relocation rate drops to 18-month low

Recent data from Redfin indicates a decrease in the percentage of homebuyers opting to relocate, reaching the lowest level in 18 months. Between September and November, only 23.9% of homebuyers chose

bottom of page