RSS U.S. Existing Home Sales Jump in November: A 1.4% Month-over-Month Increase

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 RSS U.S. Existing Home Sales Jump in November: A 1.4% Month-over-Month Increase

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The United States real estate market marked a notable upswing in November, with existing home sales surging to 4.8%. This update reflects a significant rise from October's stagnant 3.4%, highlighting a 1.4% month-over-month increase that underscores renewed vigor in the housing sector.

Updated data released on December 19, 2024, points to November as a pivotal month for the U.S. housing market. The jump in existing home sales signals potential changes in buyer sentiment and market dynamics, possibly influenced by various economic and policy shifts as the year-end approached.

This sharp increase can be contextualized against October's marginal performance, where sales had plateaued at a sluggish 3.4%. Analysts are watching closely to determine whether this upward trend will continue into next year or if it merely represents a temporary seasonal spike. For now, the November figures bring optimism to those engaged in the housing market and could indicate a shift in the broader economic landscape.

The material has been provided by InstaForex Company - www.instaforex.com
 
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