US home sales dip in September to lowest rate since 2010

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US home sales slid further in September to the lowest rate in 13 years, according to industry data released Thursday, with interest rates high and the supply of properties limited. From a year ago, home sales in September were around 15 percent lower.

Sales of existing homes in the US fell to a 13-year low pace in September, said the National Association of Realtors. Photo: Brandon Bell / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileUS home sales slid further in September to the lowest rate in 13 years, according to industry data released Thursday, with interest rates high and the supply of properties limited.

This was the slowest pace since October 2010, as elevated interest rates make homeownership pricier for new buyers.

 

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