Us Home Sales Hit Fastest Pace Since March With More Properties Up For Sale
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This is up from 27% last October but down from 31% last November. First-time buyers have accounted 40% of the sales are historically. Limited inventory, especially in the more affordable price range of a given market, helps drive prices higher.
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Even so, the number of homes for sale is still 30% lower than before the pandemic. Yun stated that the increase in inventory was causing sales to increase. Home shoppers who were able to afford to buy a home in November enjoyed a price increase on the homes that were available. 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 average rate eased to a two-year low just above 6% in September following the Federal Reserve's decision to cut its main interest rate for the first time in more than four years. It was 6.6% last week, according to mortgage buyer Freddie Mac.
Although home sales increased in November, they are still below last year's pace. Last year, they hit a 30-year-low. Metabolic syndrome may affect your ability for weight loss. Answering this question will help us better understand your condition.
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