Due to the impact of interest rates, the sales of existing homes in the United States reached an eight-month high in October.

Driven by the decrease in mortgage interest rates and the advantage held by buyers in some markets, the growth rate of existing home sales in the United States reached its fastest pace in eight months in October. According to the latest data from the National Association of Realtors, existing home sales in the US in October increased by 1.2% year-on-year to 4.1 million units, with the median sales price rising by 2.1% year-on-year to $415,200. One of the reasons for the improvement in sales is the decrease in borrowing costs, with interest rates dropping from nearly 7% in May to around 6.3% the previous month, with the strongest sales performance seen in higher-priced homes.