Interest rates are now about one percentage point lower than they were at the end of October, but still a little more than twice what they were at the start of this year.
Home sales in the United States declined for the 10th month in a row in November as surging mortgage rates topped 7% and stubbornly high prices kept buyers out of the market.
LOS ANGELES — The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month — the longest such stretch on records going back to 1999. Existing home sales fell 7.7% last month from October to a seasonally adjusted annual rate of
WASHINGTON (Reuters)—U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates.
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker t...
Sales of previously owned houses fell in November for the tenth consecutive month as rising interest rates pushed potential homebuyers out of the market.
Sales of existing homes fell severely in November, but prices remained elevated compared to one year ago as demand for housing continued to outpace historically low inventory, […]
By Anna Bahney, CNN Business New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% in November from October, but were down 15.
Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.
Sales of new homes in the US bounced unexpectedly in November despite high mortgage rates, official data showed Friday, with low inventories of existing
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US home sales drop again in November despite prices rising | Since Then
