AP Business Writer
Sales of previously occupied U.S. homes rose in November to their fastest pace since March as home shoppers were encouraged by a wider selection of properties on the market, despite rising mortgage rates. Existing home sales rose 4.8% last month, from October, to a seasonally adjusted annual rate of 4.15 million, the National Association of Realtors said Thursday. Sales accelerated 6.1% compared with November last year, representing the biggest year-over-year gain since June 2021. The latest home sales topped the 4.1 million pace economists were expecting, according to FactSet. Home prices increased on an annual basis for the 17th consecutive month. The national median sales price rose 4.7% from a year earlier, to $406,100.
US home sales hit fastest pace since March with more properties up for sale News Channel 3-12.
Read More Details
Finally We wish PressBee provided you with enough information of ( US home sales hit fastest pace since March with more properties up for sale )
Also on site :
- Starmer will slash firms’ energy bills amid warnings net zero costs are crippling British industry
- Bianca Censori Wears Edible Lingerie in Public With Kanye West
- Diamondbacks Sign James McCann