Home sales fell in October to a 16-year low as buyers bolted from the housing market in the face of 7% mortgage rates.
Home sales plummet to lowest level since the Great Recession as buyers flee the market
In short
Home sales plummet to lowest level since the Great Recession as buyers flee the market. Home sales fell in October to a 16-year low as buyers bolted from the housing market in the face of 7% mortgage rates.
Key points
- Home sales plummet to lowest level since the Great Recession as buyers flee the market.: Home sales plummet to lowest level since the Great Recession as buyers flee the market.
- Home sales fell in October to a 16-year low as buyers bolted from the housing market in t…: Home sales fell in October to a 16-year low as buyers bolted from the housing market in the face of 7% mortgage rates.