Home sales fell for a ninth straight month in October as high mortgage rates continue to push buyers out of the market
Housing is one of the most weighted categories when tracking inflation, but it’s also one of the most complicated to measure. WSJ’s David Harrison explains how the shelter index is calculated, and why it can muddy the inflation outlook for the Fed. Illustration: Laura KammermannU.S. existing home sales fell for a ninth straight month in October as the highest mortgage rates in more than a decade pushed buyers out of the market.
Sales of previously owned homes declined 5.9% in October from the prior month to a seasonally adjusted annual rate of 4.43 million, the weakest rate since May 2020, the National Association of Realtors said Friday. October sales fell 28.4% from a year earlier. The streak of declines is the longest on record, NAR said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyersHome sales fell for the ninth straight month in October, as higher rates scared off potential buyers
Leer más »
LA and OC home sales, prices drop in OctoberThe median home price in LA County in October was $854,280, compared to $891,770 in September, a 4.2% decline.
Leer más »
Los Angeles County Home Sales, Prices Drop in OctoberThe sales of existing homes and median prices in LA County have fallen over the last month following the pattern being seen across the state.
Leer más »
U.S. retail sales climb 1.3% month-on-month in October - Commerce Department By Investing.com*U.S. RETAIL SALES CLIMB 1.3%, POST BIGGEST MONTHLY GAIN SINCE FEBRUARY 🇺🇸🇺🇸
Leer más »
Retail sales rise faster than expected in October, despite painfully high inflationThe Commerce Department released new retail data on Wednesday, revealing how consumers have responded to rapid and stubbornly high inflation in October.
Leer más »
Retail sales surged by 1.3% in October as consumers continue to spend despite inflation | CNN BusinessAmerican shoppers spent more in October, showing continued resilience amid persistently high inflation and an early start to the holiday shopping season.
Leer más »