US Home Sales Surge in September Amid Falling Mortgage Rates
In September, US home sales experienced a notable increase, reaching their fastest pace since February, driven by easing mortgage rates. The National Association of Realtors reported a 1.5% rise in existing home sales, marking a seven-month high. Despite this boost, challenges still loom, particularly concerning housing affordability as prices remain high. Real estate agents emphasize that sellers face a tough market this fall, while homebuyers enjoy the best purchasing conditions in years. Additionally, home inventory has risen significantly, creating more options for potential buyers.
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