September US Home Sales Rise as Mortgage Rates Drop, Prices Remain High
TL;DR Summary
In September, U.S. home sales increased by 1.5% due to falling mortgage rates, reaching the highest pace in seven months, while prices remained high with a 2.1% annual increase, driven by tight supply and strong demand, especially at the high end of the market. Inventory levels rose but remain below pre-COVID levels, and first-time buyers are gaining ground amid favorable borrowing conditions.
- Lower mortgage rates push home sales higher in September, but prices still stubbornly high CNBC
- Home sellers have a ‘tough pill to swallow�� this fall, real-estate agents warn MarketWatch
- NAR Existing-Home Sales Report Shows 1.5% Increase in September National Association of REALTORS®
- September housing activity ‘unseasonably resilient,’ Zillow says The Hill
- US home sales accelerated in September to their fastest pace since February as mortgage rates eased AP News
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