Today's Business Headlines: 10/22/24
Viral staged accident on NYC's Belt Parkway probed by NYPD — as experts warn fraud crash cases are on the rise
Annual sales slowed to the lowest since October 2010 when the housing market was still in a deep slump following the late-2000s real estate crash.Despite the slower sales pace, home prices increased on an annual basis for the 15th consecutive month. The national median sales price rose 3% from a year earlier, to $404,500.
As sales have slowed, the inventory of homes for sale has kept ticking higher. There were 1.39 million unsold homes at the end of September, up 1.5% from August and 23% from September last year, NAR said.
Real Estate Economy Home Sales Housing Interest Rates
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