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flag U.S. housing market shows mixed recovery with rising sales but falling pending sales and high prices.

flag The US housing market showed mixed signs of recovery in October, with existing home sales rising 1.6%, marking the largest monthly gain since January 2022, driven by lower mortgage rates. flag However, pending home sales fell 1.1% as rates rose to 6.72%. flag Home prices remain high, averaging $404,500, making it difficult for first-time buyers. flag Despite some improvement, the market is still expected to have its worst year since 1995. flag The National Association of Realtors' chief economist predicts mortgage rates to stay between 5.5%-6.5% in the coming years.

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