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US Existing-Home Sales Grew 3.4% in October; First Year-Over-Year Gain Since July 2021
Existing-home sales rose in October, according to the National Association of REALTORS®. Sales improved in all four major U.S. regions. Year-over-year, sales elevated in three regions but were unchanged in the Northeast. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – expanded 3.4% from September to a seasonally adjusted annual rate of 3.96 million in October. Year-over-year, sales progressed 2.9% (up from 3.85 million in October 2023). "The worst of the downturn in home sales could be over, with increasing inventory leading to more ... (full story)