US second-hand home sales in December rose to the fastest level since 2023.

Data released by the National Association of Realtors on Wednesday showed that existing home sales in December increased by 5.1% to an annual rate of 4.35 million units, marking the highest level since February 2023. Lower borrowing costs and a slowdown in home price gains have fueled a resurgence in home buying activity in all major regions of the United States. The median sale price rose by 0.4% year-on-year to $405,400, the smallest increase in two and a half years. Lawrence Yun, Chief Economist at NAR, stated, "In the fourth quarter, market conditions began to improve, mortgage rates declined, and home price appreciation moderated."