U.S. home sales rose in November for the first time in six months

Existing home sales rebound from 13-year low amid cooling mortgage rates

U.S. existing home sales rebounded in November from the lowest level in 13 years as easing mortgage rates lured would-be homebuyers back into the market. Sales of previously owned homes rose 0.8% in November from the previous month to an annual rate of 3.82 million units, snapping a five-month losing streak, according to new data released Wednesday by the National Association of Realtors (NAR). It marked the slowest pace of sales since August 20…

US Previously Owned Home Sales Edge Up From a 13-Year Low

Sales of previously owned US homes unexpectedly rose in November, led by a pickup in the South and representing a respite in a two-year downturn caused by higher borrowing costs and a lack of inventory.

U.S. home sales snap five-month skid in November as easing mortgage rates encourage buyers

Existing home sales rose 0.8% last month from October to a seasonally adjusted annual rate of 3.82 million, the National Association of Realtors said Wednesday

U.S. home sales rose in November for the first time in six months

Existing-home sales rose to a rate of 3.82 million in November, the National Association of Realtors said.

US Existing Home Sales Unexpectedly Limp Higher In Nov, Off Record Lows

US Existing Home Sales Unexpectedly Limp Higher In Nov, Off Record Lows Despite homebuilder sentiment ticking up (along with their stock prices) and housing starts soaring - buoyed by a 100bps decline from multi-decade highs in mortgage rates - analysts expected a small 0.4% MoM decline in existing home sales in November (after October's big drop). Instead, existing home sales beat expectations by rising 0.8% MoM in November, which pulled the Yo…

Home Sales Unexpectedly Rise in November. That Ends a 13-Year Low.

Rising mortgage rates this summer and fall added to the cost of financing a home purchase and cooled deal activity.