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News@lemmy.worldEnglish · 11 months ago

US existing home sales fall to lowest level in more than 13 years

www.theguardian.com

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US existing home sales fall to lowest level in more than 13 years

www.theguardian.com

YoBuckStopsHere@lemmy.world to

News@lemmy.worldEnglish · 11 months ago

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.

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11 months ago
This is about existing home sales. From what I can tell (on very limited information) new home sales are still at normal levels. People who don’t have a house are buying a new one, as are people looking to upgrade.

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