Existing Home Sales Rise Slightly but Inventory Tightens Again; Rates Rise After Powell and Auctions

Existing home sales moved higher in October, the second consecutive month of growth . The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos and cooperative apartments was at a seasonally adjusted annual rate of 6.34 million units. This was 0.8 percent higher than the rate of 6.290 million in September but 5.8 percent below the 6.73 million rate a year earlier. Single-family home sales increased 1.3 percent from 5.59 million in September to a seasonally adjusted annual rate of 5.66 million, but this lagged the October 2020 sales by 5.8 percent. Condo and co-op sales fell 2.9 percent month-over-month to 680,000 units and were 5.6 percent lower an on annual basis. Sales were slightly higher than estimated by analysts polled by Econoday
Existing Home Sales Rise Slightly but Inventory Tightens Again; Rates Rise After Powell and Auctions
Existing Home Sales Rise Slightly but Inventory Tightens Again; Rates Rise After Powell and Auctions

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