Existing home sales fall to a 10-year low in September, as mortgage rates soar
Posted on AllSides October 20th, 2022
From The Center
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.
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