Home sales tick up amidst good economic news ahead of the holidays

The video discusses the rise in home sales by 2% in October, marking a 5% increase from the previous year. Professor Terry Clower notes that buyers and sellers are adjusting to current prices and interest rates. The video also highlights a decrease in unemployment claims for the third consecutive week and a 2.8% economic growth from July to September, indicating a stable economic environment.

What was the percentage increase in home buying contracts in October compared to the previous year?

• 10%

• 2%

• More than 5%

• 5%

According to Professor Terry Clower, what are buyers and sellers becoming more comfortable with?

• Real estate agents

• Prices and interest rates

• Neighborhoods

• Home sizes

Why do some home buyers believe that 3.5% mortgage rates are unlikely to return soon?

• Due to government policies

• Because it would indicate economic problems

• Due to economic stability

• Because of high inflation

What trend did the Labor Department report regarding unemployment claims?

• They fluctuated unpredictably

• They increased for three weeks

• They remained stable

• They decreased for three weeks

How much did the economy grow from July to September?

• 2.8%

• 4.0%

• 3.2%

• 1.5%