Real Estate

New home sales weaken

By NAHB Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October.

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Existing home sales sink

By Fan-Yu Kuo | Eye On Housing Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued

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