Us Home Sales Rebound In September After August Slump

Buying activity rebounded after slipping in August, indicating that demand for housing continues despite a series of recent economic hits: stock market declines, a slowdown in China, struggles in emerging nations such as Brazil and Turkey, and stagnation in Europe. The real estate market appears to have reached a stable plateau in recent months, aided by mortgage rates near historic lows and steady job gains. A recent survey shows that 20 percent of millennials say they need financial help from their parents to buy a home, compared to just 8 percent of the older baby boomer generation who needed parental assistance, according to the finance company Credit Karma.

Topics:  august   brazil   turkey   europe   credit   karma   a   home   rebound   percent   
BING NEWS:
  • Existing Home Sales Rebound In October
    October saw existing-home sales rise 1.6% over last month, marking the largest gain since January 2022 to reach a seasonally adjusted annual rate of 4.18 million, according to a new Redfin report.
    11/15/2024 - 2:38 am | View Link
  • New private home sales surge in October as market continues to rebound
    The strong sales were boosted by strong take-up at two major projects, Norwood Grand and Meyer Blue. Read more at straitstimes.com.
    11/14/2024 - 10:10 pm | View Link
  • September sales trends: A mixed bag amid economic uncertainty
    ASA's Monthly Sales Report shows a 5% year-over-year sales decline for wholesalers in September 2024, with year-to-date sales down 0.4%. PHCP firms increased sales by 5% and blended PHCP & PVF firms ...
    11/14/2024 - 3:09 am | View Link
  • Sales slump fails to curb climbing Southern California home prices
    The region’s median home price was up 6% in September, despite transactions falling to a near-record low, CoreLogic reported.
    11/11/2024 - 6:55 pm | View Link
  • Pending home sales jumped in September behind lower mortgage rates
    According to the National Association of Realtors, pending home sales jumped 7.4% compared to August and 2.6% year over year.
    10/30/2024 - 4:34 am | View Link
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