Home Sales Fell to a New 13-Year Low in October
Updated Nov. 21, 2023 11:13 am ET
Home gross sales fell in October to a contemporary 13-year low as excessive rates of interest and residential costs continued to pummel the housing market.
Home-buying affordability sits close to its lowest degree in a long time, pushing many patrons out of the market. Existing-home gross sales for the complete 12 months in 2023 are on observe to be the bottom since not less than 2011, based on economist forecasts.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8