Existing home sales hit 9-month high with inventory at 1.43M units

Existing home sales hit 9-month high with inventory at 1.43M units

From NAR: “Existing-home sales increased for the third straight month due to lower mortgage rates this autumn,” said NAR Chief Economist Lawrence Yun. “However, inventory growth is beginning to stall.” My central theme... Read more »
Renovated homes are still a draw, but the edge is fading

Renovated homes are still a draw, but the edge is fading

“Higher mortgage rates change the math for buyers and sellers alike,” said Joel Berner, senior economist at Realtor.com. “Renovated homes still catch buyers’ eyes, but financing the cost of those improvements at... Read more »