Home sales rose to an eight-month high in October, signaling how even a small decline in mortgage rates will attract some buyers back to the market
PositiveFinancial Markets

- Home sales in the U.S. rose to an eight-month high in October, reflecting a positive response to falling mortgage rates, which have encouraged buyers to re-enter the market.
- This increase in home sales is significant as it suggests a potential turnaround in the housing sector, which has faced challenges in recent months due to high interest rates and economic uncertainty.
- The broader economic context reveals mixed signals, with some retailers like Target struggling with sales declines, while others, such as Lowe's and Williams-Sonoma, report growth, indicating varying trends across sectors.
— via World Pulse Now AI Editorial System