Struggles continue in the U-S housing market. Used home sales slumped in October to their slowest pace in more than 13 years. Surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4-point-one percent last month from September. The national median sales price rose nearly 3-and-a-half percent from […]
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Existing home sales slumped in October to slowest pace since 2010
Struggles continue in the U-S housing market. Used home sales slumped in October to their slowest pace in more than 13 years. Surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4-point-one percent last month from September. The national median sales price rose nearly 3-and-a-half percent from October last year to just under 392-thousand dollars.