US Existing Home Sales Unexpectedly Rise in September
Key Facts
US existing home sales rose by 1.5% in September compared to the previous month, Seeking Alpha reported citing the National Association of Realtors. This growth marks the first monthly increase since May, defying consensus expectations of a decline or stagnation in real estate activity.
The increase occurred even as mortgage rates reached 7.49% on October 7, 2026, suggesting resilient demand or a shift in inventory dynamics. This unexpected strength in housing data serves as a positive macro signal for the US economy, though it may support expectations for interest rates to remain higher for longer.
Latest Updates · 2
- Notable·
Update: Updated data shows the supply of existing homes rose 4.6% year-over-year to 1.6 million units in September 2026. Additionally, August sales figures were downwardly revised to a 3.2% decline, placing the September growth in the context of a recovery from lower-than-previously-estimated levels.
- Notable·
Update: The annualized pace of sales reached 3.99 million units in September 2026. This figure reinforces data showing the first expansion in real estate activity in several months.