October 2024: U.S. Existing-Home Sales Drop 1%, Chattanooga Sees 11.1% Rise in Median Price to $350,000
U.S. existing-home sales unexpectedly slipped 1.0% month-over-month and 3.5% year-over-year in September, falling to a seasonally adjusted annual rate of 3.84 million, the lowest level in over a decade, according to the National Association of REALTORS® (NAR). Despite a slight decline in mortgage rates and an increase in available inventory compared to last year, prospective …
