Story perspectives

U.S. Home Sales Surge 3.3% Amid Affordability Gains

12/30/2025

Summary

Story summary

Pending U.S. home sales rose 3.3% in November 2025 from October, a 2.6% year-over-year increase, per the National Association of Realtors (NAR).
All regions grew, with the West posting the largest monthly increase at 9.2%.
NAR Chief Economist Lawrence Yun attributed the rise to improving housing affordability.
The REALTORS Confidence Index indicates 22% of members expect higher buyer traffic in the next three months.
Overall market activity remains subdued.

History

Historical Context

The U.S. housing market crisis peaked in 2008, following a dramatic 30% decline in home values and over 4 million foreclosures. This downturn stemmed from unsustainable lending practices and a housing bubble that began inflating in the early 2000s. By November 2025, however, pending home sales showed signs of recovery, indicating improved affordability and a potential resurgence in buyer confidence.

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Story summary

Pending U.S. home sales rose 3.3% in November 2025 from October, a 2.6% year-over-year increase, per the National Association of Realtors (NAR).
All regions grew, with the West posting the largest monthly increase at 9.2%.
NAR Chief Economist Lawrence Yun attributed the rise to improving housing affordability.
The REALTORS Confidence Index indicates 22% of members expect higher buyer traffic in the next three months.
Overall market activity remains subdued.

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