Existing home sales sag for eighth month in a row
Existing home sales decreased in September, with rising mortgage rates as the key culprit behind the the eighth straight month of decline. Home sales sunk 1.5 percent last month from August to a seasonally adjusted rate of 4.71 million, according to the National Association of Realtors. The figure marked a 23.8 percent drop year over year. The median home price in September rose 8.4 percent year over year to $384,000. The market’s continued contraction is
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