‘FOMO’ cited as U.S. existing-home sales register monthly rise

‘FOMO’ cited as U.S. existing-home sales register monthly rise

‘FOMO’ cited as U.S. existing-home sales register monthly rise

The numbers: Sales jumped 7%

Existing-home sales improved in September, as the threat of rising mortgage rates likely compelled some buyers to lock in deals before the window of opportunity closed.

Existing-home sales increased 7% between August and September, hitting a seasonally-adjusted, annual rate of 6.29 million, the National Association of Realtors said Thursday. Compared to a year ago, sales were down 2.3%.

Economists…