Follow your guts, if you want to lose your money...
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November US home sales rose due to hot job market and concerns over rising rates next year
Sales of previously owned homes in November rose 1.9% from October to 6.46 million units, according to the National Association of Realtors’ seasonally adjusted count. Sales were 2.0% lower than November 2020. These sales reflect home closings, so contracts that were likely signed in September and October. Regionally, month-to-month, sales in the Northeast were unchanged. In the Midwest, they rose 0.7% and in the South they rose 2.9%. In the West, sales increased 2.3%. Sales likely increased due to a strengthening job market and concerns among potential buyers that mortgage rates will be significantly higher next ... (full story)