Existing Home Sales Slide to a New 13-Year Low Amid High Mortgage Rates

By November 21, 2023Housing
Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the fourth consecutive month of year-over-year median sales price increase. However, recent declines… Read More ›