Category: existing home sales

Home Sales in US Rise to Nine-Month High, Shortages Persist

Sales of U.S. homes, including new and previously-owned, rose unexpectedly in October to their highest level since the start of the year as recovery-related employment level gains propelled a healthy demand for accommodation. According to figures from the National Association of Realtors, there was an increase in the share of investors buying up homes last…


Housing Inventory Rebounds, Existing Home Prices Remain Near Record High

The inventory of existing homes for sale rose while prices eased somewhat from their record-highs in July, suggesting some relief may be in store for prospective buyers gripped by months of surging prices. Total housing inventory rose 7.3 percent over-the-month in July, according to the National Association of Realtors (NAR). At 1.32 million units, this is…