US Home Sales Show Signs of Recovery with Increased Listings and Sales
TL;DR Summary
Home prices in the largest U.S. cities grew by only 0.6% in November, the smallest increase since June, according to Redfin. While the majority of metropolitan areas still saw positive month-over-month price changes, 14 locations experienced declines. The largest increase was seen in Chicago, where home prices rose 2.4% month over month. The increase in inventory and decrease in competition contributed to the slowed price growth, providing a glimmer of hope for U.S. buyers.
- Glimmer of Hope for U.S. Buyers as Listings Reach Highest Level in a Year Mansion Global
- Home Sales Ticked Up in November After 5 Months of Declines The Wall Street Journal
- Home sales ticked up last month even as prices climbed CNN
- Americans Rush to Buy Houses as Prices Hit New Milestone Newsweek
- US Existing Home Sales November 2023: Sales Up From 13-Year Low Bloomberg
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