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US Pending Home Sales Advance to Highest Level Since Early 2023
The USA's November existing home sales Index reached a new high since the beginning of 2023.
In November, the USA's existing home sales Index has increased for the fourth consecutive month on a month-on-month basis. NAR's Chief Economist Lawrence Yun stated that consumers seem to have readjusted their expectations for mortgage rates and are taking advantage of more available inventory. Buyers are no longer waiting or expecting a significant drop in mortgage rates.
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Real Estate stocks experienced a slight pullback at the end of the year, with the first signs of recovery emerging in 2025.
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