Existing home sales drop to lowest point since onset of the pandemic
December 22, 2022
According to the latest monthly report from the National Association of Realtors, existing home sales fell 7.7 percent to 4.09 million units in November (after a seasonal adjustment) under pressure from rising mortgage rates. That represents the 10th monthly decline and the lowest level — excepting the early period of the pandemic — since November 2010.
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