Posted To: MND NewsWire

Existing home sales resumed an upward trajectory in September after dipping 2.0 percent in August. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments rose 7.0 percent in September, although this still left them 2.3 percent behind the pace in September 2020. Sales were at a seasonally adjusted annual level of 6 .29 million units, compared to 5.88 million the previous month and 6.44 million a year earlier. Analysts polled by both Econoday and Trading Economics had expected sales to rise but undershot with consensus estimates of 6.03 million and 6.09 million units, respectively. The rate of single-family home sales rose by 400,000 month-over-month, a 7.7 percent increase , to a seasonally adjusted annual…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily