US new home sales plunged 8.9% in October

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Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009.

 

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I bet it would

Rates too high! Most home buyers have NEVER seen 5%. I’ve seen 14%. Take a brake Fed and let the newbies absorb the “normalization” slowly. We were at 0% for one third of their lives.

Rising interest rates inflicted on US by the Federal Reserve stifle borrowing. Is the Fed working to crush the Trump economy? Possibly.

Eazy_A_Mart

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