Home sales plummet to lowest level since ‘Great Recession’ as prices hit all-time high
Summary
Home sales dropped to their lowest point in sixteen years during October as purchasers retreated from the housing market. High borrowing costs near seven percent drove the dramatic market slowdown.
Home sales fell in October to a 16-year low as buyers bolted from the housing market in the face of 7% mortgage rates.
Source: Read the full story at MarketWatch.com - Top Stories
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