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( ) Existing home sales increase 1.5% in September, but August sales pace revised lower Housing inventory rises to 1.60 million units, highest since late 2019 Median house price climbs 1.3% to $417,500, highest for any September By Lucia Mutikani WASHINGTON, Oct 13 (Reuters) — US existing home sales unexpectedly increa
Existing home sales increased in September, while rising mortgage rates and elevated home prices continued to weigh on the housing market, Reuters reports.
WASHINGTON, Oct 13 (Reuters) — US existing home sales unexpectedly increased in September as rising inventory offered buyers more choice, but the trend remained subdued against the backdrop of higher mortgage rates. Home sales rose 1.5% last month to a seasonally adjusted annual rate of 3.99 million units, the National