Existing-home sales declined for the ninth straight month in October, falling 5.9 percent from September, according to the National Association of Realtors (NAR), revealing the demand-dampening effects of higher interest rates amid decades-high inflation. Existing-home sales for October registered a seasonally adjusted annual rate of 4.43 million, a fall of 28.4 percent from 6.19 million in 2021….
Sales of Previously Owned Homes Drop for Ninth Month Straight as Mortgage Increases and Inventory Falls
November 18, 2022
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Business & Marketseconomyexisting home saleshousing affordabilityhousing sentimentinflationmortgage ratesPreviously-Owned Homesreal estaterecessionUSUS NewsUS Real Estate
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US Housing Sentiment Drops to Lowest in Over a Decade
August 9, 2022
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Business & MarketseconomyHome salesHomebuilderhousing sentimentMarketsmortgage interest ratesUSUS News
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Housing sentiment in the United States, as measured by the Fannie Mae Home Purchase Sentiment Index (HPSI), has fallen to its lowest level in more than 10 years. In July, the HPSI declined by two points, to 62.8, the lowest level since 2011 and far below the all-time high set in 2019, according to an…
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