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.

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