U.S. Existing Home Sales Stabilize, but Supply Surges as Single-Family Demand Stays Near Four-Year Lows
U.S. existing-home sales rose in September, but the improvement did little to alter a housing market still constrained by high borrowing costs and weak affordability. Single-family sales remained near the bottom of a four-year slump, while inventory climbed to an 11-year high and condo supply reached a record, underscoring a market increasingly tilted in favor of buyers who can still qualify.
