News Formal

Home Sales Drop to Slowest Pace in 13 Years as Bidenflation Rate Hikes Crush Market

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

High mortgage rates continued to squeeze the housing market, pushing new home sales down to their lowest pace in 13 years, data from the National Association of Realtors showed Thursday.

Existing home sales fell two percent after seasonal adjustment in September compared with the prior month. Sales are down 15.4 percent from a year ago. The Federal Reserve began raising interest rates in the spring of 2022 after the Biden administration’s lavish spending programs combined with a too-accommodative monetary policy to spark the worst inflation in forty years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 610. in BUSİNESS

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.

Home Sales Drop to Slowest Pace in 13 Years as Bidenflation Rate Hikes Crush MarketSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »