Benzinga
  • 2 months ago
US sales of previously owned homes fell to their lowest level in nearly 14 years in September, as buyers await further declines in mortgage rates. Contract closings decreased 1% from August, slightly below expectations. The National Association of Realtors reported a 23% increase in homes for sale from a year ago but still below pre-pandemic levels. The median sales price rose 3%, exceeding $400,000. Sales declined in three of four regions, with the South experiencing its slowest pace since 2012.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. sales of previously owned homes fell to their lowest level in nearly 14 years in September,
00:07as buyers await further declines in mortgage rates.
00:10Contract closings decreased 1% from August, slightly below expectations.
00:15The National Association of Realtors reported a 23% increase in homes for sale from a year ago,
00:21but still below pre-pandemic levels. The median sales price rose 3%, exceeding $400,000.
00:28Sales declined in three out of four regions,
00:30with the South experiencing its slowest pace since 2012.
00:34For all things money, visit Benzinga.com slash GSTV.

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