Existing home sales fall to a 10-year low in September, as mortgage rates soar

Posted on AllSides October 20th, 2022
From The Center
Darin Oswald | Tribune News Service | Getty Images

Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the start of the Covid 19 pandemic.

Sales of previously owned homes fell 1.5% in September from August to a seasonally adjusted annual rate of 4.71 million units, according to a monthly survey from the National Association of Realtors.

That marked the eighth straight month of sales declines. Sales were lower by 23.8% year over year.

Read full story
Some content from this outlet may be limited or behind a paywall.

CNBC

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
111304/86398
See full bias rating for CNBC
Learn about media bias
https://www.cnbc.com/2022/10/20/existing-home-sales-fall-to-a-10-year-low-in-september.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right