Although I count on some of the weekly data to rebound next week in consequence, development in active and new listings is still trending slower than I thought would happen in 2024. ABC News’ Whit Johnson shares what you should find out about “assumable mortgage loans,” which allow a homebuyer to take over a seller’s residence loan and even hold the original mortgage price. Mortgage charges are at a 23-year excessive and the drop marks the slowest month-to-month tempo of sales since October 2010 in the course of the foreclosures crisis. The National Association of Realtors says gross sales of existing properties fell 4.1% in October.
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