Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market.

Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market.

  • Iampossiblyatwork@lemmy.world
    13·
    1 year ago

    Housing prices don’t crash. Not really. People don’t want to take the loss. The nominal price may stay flat and the real price may go down as a result… That feels more likely