US Home Sales Jump to Seven-Month High as Mortgage Rates Ease

Existing home sales in the United States rose 1.5% month-on-month to an annualized rate of 4.06 million units, the strongest pace since March 2025. The median home price increased 2.1% year-on-year to $415,200, supported by lower mortgage rates and steady labor markets. Analysts said improved affordability has begun drawing buyers back into the market after months of stagnation. Housing inventory remains tight, though builders are expanding supply in key urban regions to meet pent-up demand.