Housing Market Struggles: Low Sales, Rising Starts, and Slow Year Ahead
TL;DR Summary
Home sales in the US fell to the lowest pace in 13 years, as high mortgage rates squeeze the market. Economists estimate a 3.5% decline in September from August, marking the fourth consecutive monthly decline. Increased rates are weighing on demand and slowing home sales, while also limiting the inventory of homes on the market. The small supply is pushing home prices higher in much of the US.
- Home Sales Fell to Lowest Pace in 13 Years as High Rates Squeeze Market The Wall Street Journal
- Canadian New Housing Starts Are Rising With Inventory—Bad News For Prices - Better Dwelling Better Dwelling
- Why the housing market sucks for both buyers and sellers Business Insider
- Want to buy a home? You need to make more money despite falling prices, report says Toronto Star
- The housing market is about to have its slowest year since the real estate bubble burst in 2008, according to National Association of Realtors Fortune
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
12
Time Saved
1 min
vs 2 min read
Condensed
70%
225 → 68 words
Want the full story? Read the original article
Read on The Wall Street Journal