U.S. pending home sales climbed in August 2025, marking both monthly and annual gains as easing mortgage rates pulled more buyers back into the market.
Home flippers in the U.S. are seeing profits evaporate to levels not seen since the financial crisis, as surging acquisition costs squeeze margins even in traditionally hot markets.
The Federal Reserve lowered interest rates for the first time in nine months this week, trimming its benchmark federal funds rate by a quarter percentage point to a range of 4% to 4.25%.
U.S. mortgage rates tumbled this week, posting their largest weekly decline in more than a year and providing a boost to prospective homebuyers.
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