Home Sales Surge in October, Despite Government Shutdown
Update: 2025-11-20
Description
Existing home sales surge in October, reaching highest level in eight months, driven by favorable mortgage rates and ample supply. Despite government shutdown, home sellers show resilience, marking best month for resales since February and fourth consecutive month of improvement. Average mortgage rates drop to 6.25%, encouraging buyers, while consistent home inventory supports market. Government shutdowns impact minimal, indicating markets ability to navigate challenges. However, overall home sales remain near decade low due to high costs and elevated interest rates.
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