The Census Bureau released data Wednesday morning showing 759,000 new homes were purchased in September, up 12% from the revised August rate of 676,000, based upon a seasonally adjusted annual rate. The September 2023 rate is 33.9% above the September 2022 rate of 567,000. Yahoo Finance Anchors Seana Smith and Brad Smith break down the data and what it means going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.