REZ241220P89000
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iShares Residential Real Estate ETF Newsroom
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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.
U.S. Pending Home Sales Rose in November
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Housing Market Poised for 2025 Comeback as Lower Rates Unleash Pent-up Demand
Real Estate stocks experienced a slight pullback at the end of the year, with the first signs of recovery emerging in 2025.
Although the performance of the Real Estate Sector in 2024 did not meet that of the Large Cap, the market shows an optimistic outlook for 2025.
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