Record mortgage rates killed existing home sales in November
Housing Wire
DECEMBER 21, 2022
In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3
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