Existing Home Sales Unexpectedly Rise Amid High Mortgage Rates

By December 20, 2023Housing
Existing home sales rose in November from a 13-year low, ending a five-month decline, according to the National Association of Realtors (NAR). This increase in sales was driven by a strong gain in the South, where homes are considered more affordable. Low inventory and strong demand continued to drive up existing home prices. However, recent declines in mortgage rates and… Read More ›