Latest Global News | Home Sales Fell to a New 13-Year Low in October

Updated Nov. 21, 2023 11:13 am ET

Home sales fell in October to a fresh 13-year low as high interest rates and home prices continued to pummel the housing market.

Home-buying affordability sits near its lowest level in decades, pushing many buyers out of the market. Existing-home sales for the full year in 2023 are on track to be the lowest since at least 2011, according to economist forecasts.

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