Sales of Existing Homes Rise As Interest Rates Point Higher
- 3 years ago
Sales of Existing
Homes Rise , As Interest Rates
Point Higher.
In September, previously-occupied homes in the United States sold at their highest rates since January.
The National Association of Realtors says that sales of existing homes rose 7% since August.
Experts attribute this rise in
sales to sunken mortgage rates.
This autumn season looks to be one of the best autumn home sales seasons in 15 years, Lawrence Yun, National Association of Realtors chief economist,
via ABC News.
Average rates for a 30-year mortgage are at
historic lows but continue to
inch higher with each passing month.
Economists anticipate
mortgage rates will rise up
to 4% next year.
As they rise,
homeowners have
less buying power.
The median price of a home in the
United States rose to $352,800 last month.
First-time homebuyers accounted for
28% of all home sales last month
Homes Rise , As Interest Rates
Point Higher.
In September, previously-occupied homes in the United States sold at their highest rates since January.
The National Association of Realtors says that sales of existing homes rose 7% since August.
Experts attribute this rise in
sales to sunken mortgage rates.
This autumn season looks to be one of the best autumn home sales seasons in 15 years, Lawrence Yun, National Association of Realtors chief economist,
via ABC News.
Average rates for a 30-year mortgage are at
historic lows but continue to
inch higher with each passing month.
Economists anticipate
mortgage rates will rise up
to 4% next year.
As they rise,
homeowners have
less buying power.
The median price of a home in the
United States rose to $352,800 last month.
First-time homebuyers accounted for
28% of all home sales last month