Home Sales Fell to a New 13-Year Low in October
Updated Nov. 21, 2023 10:12 am ET
Home gross sales fell in October to a recent 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 consumers out of the market. Existing-home gross sales for the total yr in 2023 are on monitor to be the bottom since a minimum of 2011, based on economist forecasts.
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