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

📆 20/10/2023 1:02 a. m.
📰 BreitbartNews

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

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

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.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: BreitbartNews - 🏆 610. / 51 Leer más »