Business & Economy · 4 views
Home sales hit 16-year low in October amid record-high mortgage rates
Sales of built units fell to 3.75m in October, down by 8.8% from last year, with mortgage rates at nearly three-year high US existing home sales hit a 16-year low in October as buyers were driven away by record-high mortgage rates and…
Summary
Sales of built units fell to 3.75m in October, down by 8.8% from last year, with mortgage rates at nearly three-year high US existing home sales hit a 16-year low in October as buyers were driven away by record-high mortgage rates and rising inflation, according to new data released on Wednesday.
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