Found 2 blog entries tagged as Statistics.

October's 3.4% Growth Breaks Three-Year Sales Slump

Yonkers New York Real Estate

In October, existing-home sales in the U.S. increased by 3.4% from the previous month, reaching a seasonally adjusted annual rate of 3.96 million. This marks a 2.9% rise compared to October 2023 — the first annual gain since July 2021. The National Association of Realtors (NAR) attributes this uptick to growing inventory and sustained economic growth, suggesting a potential end to the downturn in home sales. Additionally:

  • Regional Growth: All U.S. regions saw sales increases.

  • Inventory Levels: Higher sales are linked to increased housing inventory.

  • Economic Factors: Job growth and economic stability drive housing demand.

  • Mortgage Rates: High rates…

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