Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors, marking the tenth straight month of declines.
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors.
Sales were down 35.4% year over year, marking the tenth straight month of declines. That was the weakest pace since November 2010, with the exception of May 2020, when sales fell sharply, albeit briefly, during the early days of the. In November 2010, the nation was mired in the great recession as well as a foreclosure crisis.
At the end of November, there were 1.14 million homes for sale, which is an increase of 2.7% from November of last year, but at the current sales pace it represents a still-low 3.3 month supply.kept prices higher than a year ago, up 3.5% to a median sale price of $370,700, but those annual gains are shrinking fast, well off the double-digit gains seen earlier this year.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Home Sales Dropped 7.7% in November, a Record 10th Straight Month of DeclinesU.S. existing home sales slid in November for a 10th straight month, extending a record streak of declines as high mortgage rates and home prices pushed many buyers out of the market.
Read more »
Existing home sales tumble 7.7% in November, 10th straight month of declinesSales of previously owned houses fell in November for the 10th consecutive month as rising interest rates pushed potential homebuyers out of the market.
Read more »
US home sales fell in November, the 10th consecutive monthExisting home sales fell 7.7% last month from October to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors said Wednesday.
Read more »
US: Existing Home Sales decline by 7.7% in November vs. 0% expectedUS: Existing Home Sales decline by 7.7% in November vs. 0% expected – by eren_fxstreet RealEstate Housing UnitedStates Macroeconomics EconomicIndicator
Read more »
Home sales continued to drop in November | CNN BusinessHome sales in the United States declined for the 10th month in a row in November as surging mortgage rates topped 7% and stubbornly high prices kept buyers out of the market.
Read more »
Home Sales Plunge To Great Recession Levels As ‘Frozen’ Housing Market Adjusts To Elevated Mortgage RatesExisting home sales were down by more than 35% last month compared to November 2021.
Read more »