US Home Sales Improve in November Amidst Ebbing Listings and Rising Prices
TL;DR
November home sales in the US saw a slight increase of 0.5% from October but remained 1% below November 2024, with supply declining and prices reaching record highs, driven by high mortgage rates and limited inventory, while affordability concerns persist despite wage growth.
Topics:businessreal-estate#home-prices#home-sales#housing-supply#market-trends#mortgage-rates#real-estate
- November home sales struggle as supply stalls CNBC
- November US homes sales rose from the previous month, but down from 2024 as prices climb Yahoo Finance
- US Existing-Home Sales Edge Higher With Help From Tamer Prices Bloomberg.com
- Home Listings Are Ebbing Even as Sales Improve and Prices Cool. It's a Bad Sign for Buyers. Barron's
- Home Sales Rose in November for the Third Consecutive Month The Wall Street Journal
Want the full story? Read the original reporting
Read on CNBC