Published: 2025-12-08T15:29:37.000Z
Preview: Due Decemebr 19 - U.S. November Existing Home Sales - Revival to continue
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We expect November existing home sales to increase by 1.5% to 4.16m, which would be a third straight increase and the highest level since February, as the housing market gets support from lower mortgage rates as Fed easing resumes.
Pending home sales, designed to predict existing home sales, extended a recent upturn in October while November survey evidence from the NAHB and MBA was also firmer.
We expect November’s increase in sales to be broad based by region but the Midwest may have less upside potential after a particularly strong October gain.
We expect a 0.5% seasonal decline in the median price, though this would see the yr/yr pace increase to 2.1% from 2.0%, extending the move off a recent low of 1.0% seen in July.