Posted 12/20/2023, 10:37:16 PM
US Home Sales Rise in November as Mortgage Rates Ease Slightly, But Affordability Challenges Remain
- US existing home sales rose 0.8% in November as mortgage rates slipped below 7%
- Home sales may increase if rates keep falling, but affordability issues persist
- Expert says "worst could be behind" for existing home sales, volumes may start rising
- Link between mortgage rates and Treasury yields depends on potential 2024 Fed rate cuts
- Watch full interview for more on outlook for home sales and latest market action