October Home Sales Plummet to 13-Year Low Amid Rising Prices and Mortgage Rates
TL;DR Summary
Home sales in October hit a 13-year low due to high interest rates and home prices, leading to decreased affordability and pushing many buyers out of the market. Existing-home sales for the full year of 2023 are projected to be the lowest since at least 2011.
- October Home Sales Likely Fell to New 13-Year Low The Wall Street Journal
- Home sales fell to a 13-year low in October as prices rose CNBC
- US home sales fell last month because of high mortgage rates, soaring prices and low inventory CNN
- Housing Market Crash Alert: Mark Your Calendars for Nov. 21 InvestorPlace
- Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar San Francisco Chronicle
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