Housing Market Sees Third Straight Month of Gains

Existing home sales saw a modest increase in November, marking the third consecutive month of gains. Despite this, the housing market remains in a deep slump due to high prices, elevated mortgage rates, and consumer uncertainty. The slight improvement was less than expected, with sales rising in the Northeast and South but dropping in the Midwest. The housing markets future hinges on job market health, inflation trends, and overall economic resilience.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.