<p>The total annualized sales of existing homes in the United States in September fell to 3.84 million households, hitting a new low in about 14 years. Potential homebuyers are hoping for further declines in mortgage interest rates and more attractive housing prices</p>

<p>In September, the annualized total existing home sales in the United States dropped to 3.84 million households, hitting a new low in about 14 years. Potential homebuyers are hoping for further declines in mortgage interest rates and more attractive housing prices</p>

- In September, U.S. existing home sales fell to an annualized rate of 3.84 million, the lowest in about 14 years, as potential buyers await lower mortgage rates and more attractive prices.  
- The median home price rose 3% year-over-year to $404,500, while inventory increased by 23% to 1.39 million homes, though still below pre-pandemic levels.  
- Despite weak sales, factors supporting growth are emerging, including more inventory options and lower mortgage rates compared to last year, although affordability challenges persist for many first-time buyers.

US existing home sales hit a nearly 14-year low in September, with prices rising 3% year-on-year