Breaking: U.S. home sales fell 7.7% in November, a record tenth straight month of declines, as high mortgage rates push many buyers out of the market
U.S. existing-home sales slid in November for a 10th straight month, extending a record streak of declines as high mortgage rates and home prices pushed many buyers out of the market.
Sales of previously owned homes declined 7.7% in November from the prior month to a seasonally adjusted annual rate of 4.09 million, the weakest rate since May 2020, the National Association of Realtors said Wednesday. November sales fell 35.4% from a year earlier. The streak of declines is the longest on record in data going back to 1999, NAR said.
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