October Existing-Home Sales Sink to 16-Year Low; Rates Only Partly to Blame
The National Association of Realtors®’ (NAR) Existing-Home Sales report for October came in on a somewhat dismal note: Existing-home sales decreased 5.5% month-over-month to a rate of 3.75 million. That marks the lowest level since August 2010’s 3.68 million, according to Realtor.com® Chief Economist Danielle Hale. Year-over-year home sales were down 8.8% compared to October…
The post October Existing-Home Sales Sink to 16-Year Low; Rates Only Partly to Blame appeared first on RISMedia.
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