Existing home sales are down on an annual basis at theirsince May 2020, when the real estate market briefly went cold early in the pandemic before exploding, and otherwise the worst mark since November 2010, amid the Great Recession.
“The residential real estate market was frozen” this November, the National Association of Realtors’ chief economist Lawrence Yun wrote in a statement, citing “the rapid increase in mortgage rates” as the “principal reason” for real estate’s month to forget.to Freddie Mac.A rapid decline in existing home sales is just one of several worrying data points for the housing market, with
वंदेमातरम
Housing prices have been run up by investors. 52% of housing sales were to investors. I will put a 25% tax on all housing sales not to the primary or secondary home buyer. Thompson For President APAP
Rejoice and be Merry!
Matter of time
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CarMax Sales Plunge 28% In Q3, Blames It On 'Affordability Challenges' | CarscoopsA mixture of high interest rates and low consumer confidence are spelling trouble for the used car market
Source: Carscoop - 🏆 306. / 63 Read more »
US home sales fall for 10th consecutive monthExcluding the steep downturn in May 2020 at the start of the pandemic, sales are now at the slowest annual pace since November 2010, when the housing market was mired in the aftermath of the forecl… Biden lied about those 1,100,000 new jobs in Q2.
Source: ladailynews - 🏆 332. / 59 Read more »
U.S. home sales fell in November, the 10th consecutive monthSales of previously occupied U.S. homes slowed for the tenth consecutive in November, constrained by a tight inventory of properties on the market and mortgage rates averaging more than double what they were a year ago.
Source: WashTimes - 🏆 235. / 63 Read more »
US home sales fell in November, the 10th consecutive monthSales of previously occupied U.S. homes slowed for the tenth month in a row in November, constrained by a tight inventory of properties on the market and mortgage rates averaging more than double what they were a year ago.
Source: wjxt4 - 🏆 246. / 63 Read more »
Existing home sales tumble 7.7% in November, 10th straight month of declinesSales of previously owned houses fell in November for the 10th consecutive month as rising interest rates pushed potential homebuyers out of the market. Da no kidding I’m interested
Source: FoxBusiness - 🏆 458. / 53 Read more »