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The Independent UK
The Independent UK
National
Alex Veiga

Home sales snapped a five-month skid in November as easing mortgage rates encouraged homebuyers

NAR United States
Copyright 2023 The Associated Press. All rights reserved.

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers.

Existing home sales rose 0.8% last month from October to a seasonally adjusted annual rate of 3.82 million, the National Association of Realtors said Wednesday. That tops the 3.78 million sales pace economists were expecting, according to FactSet.

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