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Home Sales at Lowest Point Since 2010 as High Mortgage Rates Squeeze Market

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Buyers facing limited supply pushed up September prices

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https://www.wsj.com/economy/housing/home-sales-report-to-show-how-much-high-rates-squeezed-market-54f64ea1Home sales fell in September to the lowest rate in 13 years, showing the corner of the economy most weakened by high interest rates remains in decline.since at least 2011, because increased rates are weighing on demand. But high rates are also limiting the inventory of homes on the market, because homeowners with low ratesThis copy is for your personal, non-commercial use only.

 

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