Record mortgage rates killed existing home sales in November
Housing Wire
DECEMBER 21, 2022
Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% month over month in November to a rate of 4.09 million , according to a report from the National Association of Realtors (NAR) released Wednesday. On a yearly basis, existing home sales are down 35.4%.
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