Us Home Sales Hit Fastest Pace Since March With More Properties Up For Sale

This is an increase from 27% in October but a decrease from 31% in last November. First-time buyers account for For 40% of sales historically. A limited inventory, particularly in the lower price ranges of a market, can help drive prices up.

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Even so, the number of homes for sale is still 30% lower than before the pandemic. Yun said, "We are seeing increased sales because of this increase in stock of inventory." Home buyers who could buy in November benefitted from a pick-up in the available homes. NAR reported that there were 1.33 millions unsold homes by the end of November, down 2.9% compared to October but up 17.7% compared to November last year. The Federal Reserve's decision in September to lower its main interest rates for the 1st time in four years led to an average rate of just over 6%, a two-year record low. According to mortgage buyer Freddie Mac it was 6.6% in the last week.

Even though home sales were up in November and October, they still lag behind last year's pace when they plunged to a nearly 30 year low. Metabolic syndrome can interfere with your ability to lose weight. Answering the following question will help you to understand your condition.

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