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U.S. HOME SALES JUMP TO HIGHEST LEVEL SINCE 2022
Pending U.S. home sales rose 7.7% year over year, reaching their highest level since September 2022, according to Redfin.
Lower mortgage rates and more homes on the market helped bring buyers back. Housing payments also fell slightly as rates briefly dropped below 6.3%.
Still, the market remains less competitive than past spring seasons, with homes taking longer to sell and fewer properties going above asking price. Updated, fairly priced homes continue to attract the strongest demand.