Sales slump 4.1% in October amid highest mortgage rates in two decades and a dearth of houses

The median existing house price increased 3.4% from a year earlier to $391,800, the highest for any October.

  • jimmydoreisalefty@lemmy.world
    42·
    11 months ago

    Thank you for taking the time to explain!

    Seems cash is becoming king again?

    All-cash sales accounted for 29% of transactions compared with 26% a year ago. Distressed sales, including foreclosures, represented only 2% of transactions, virtually unchanged from the previous year.