Connect with us

Business

September existing home sales jump 9.4%, but ‘prices are rising too fast’ as supply remains tight – CNBC

The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September.

Published

on

post featured image
ADVERTISEMENT

Sales of existing homes rose a higher-than-expected 9.4% in September to a seasonally adjusted annualized rate of 6.54 million units, according to the National Association of Realtors. Sales were up 20.9% annually.
Sales could be more robust if there were more homes available. The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September. At the current sales pace that represents a 2.7-month supply. That is the lowest since the Realtors began tracking…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
NYC bar in COVID-19 hotspot refuses to shut down after state yanks liquor license – Fox News
post featured image
Tony Hsieh, retired Zappos CEO, dies at 46 after house fire – New Haven Register
post featured image
Multnomah County Records 715 COVID Cases in Two Days – Willamette Week