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.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8