20.11.202515:05:43UTC+00US Existing Home Sales Rise to 8-Month High

In October 2025, existing home sales in the United States experienced a 1.2% rise from the previous month, reaching an annualized rate of 4.10 million. This marked the second consecutive month of growth, achieving the highest level observed over the past eight months, and was generally in line with expectations. The increase coincided with a decrease in benchmark mortgage rates following the release of a series of unfavorable labor statistics during this period. Notably, sales of single-family homes increased by 0.8% to 3.71 million. Meanwhile, the median sales price for homes stood at $415,200. Alongside this rise in sales, housing inventory experienced a 0.7% decline from the previous month, settling at 1.52 million units, which equates to a 4.4-month supply. Lawrence Yun, the Chief Economist at the National Association of Realtors, noted, "With rents slowing, inflation is likely to decrease, prompting the Federal Reserve to continue cutting rates and easing their quantitative tightening measures. This should lead to an uptick in homebuyers entering the market, as the Fed rate indirectly influences mortgage rates."