Sales of existing US homes rose in September compared with August, but remained relatively tepid due to limited housing supply and high prices, the National Association of Realtors said Friday.
Last month sales rose 0.7 percent to a seasonally adjusted annual rate of 5.39 million houses, a surprise since analysts expected a drop to 5.29 million.
But September sales wereRead more
US existing homes sales fell in July for the second straight month as high prices and tight supply kept would-be homeowners from signing on the dotted line, industry figures showed Thursday.
The National Association of Realtors said prices continued to rise faster than incomes in much of the United States, with most homes selling in less than a month.
TheRead more
Sales of new US homes started the year on an upswing, with buyers in the Northeast snapping up the largest number of houses in nine years, the Commerce Department reported Friday.
Purchases of new single-family homes have been rising steadily since 2012 and the new data confirmed the upward trend in the sector, along with tightening supply.
Housing has beenRead more