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US existing home sales rise unexpectedly in September

US existing home sales unexpectedly rose 1.5 percent in September to a 3.99 million unit rate. However, soaring mortgage rates and record high prices continue to weigh on the housing market outlook.

Insights:
FILE PHOTO: A for sale sign is shown in a residential neighborhood of detached single family homes in Encinitas, California, U.S., January 29, 2026. REUTERS/Mike Blake/File Photo

United States existing home sales rose 1.5% in September to an annual rate of 3.99 million units, driven by delayed closings and higher inventory.
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