Sales of Existing Homes Slump For 9th Straight Month
October sales fell 5.9% from September, and are down 28.4% year over year.
October sales fell 5.9% from September, and are down 28.4% year over year.
Stubborn sellers are staying put with their comfortable monthly mortgage payments.
The National Association of Realtors also said 46% of metros registered double-digit price increases.
Fannie Mae survey finds just 16% of consumers say now is a good time to buy a home.
Nearly 50% of mortgaged residential properties in the nation are equity-rich.
They're expected to slow to 3.9% by September 2023.