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U.S. Home Sales Post Record 10th Straight Month of Declines
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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.
Read more on wsj.comAbout this in other media
U.S. Inflation Slowed for Sixth Straight Month in December wsj.com /1 year ago
U.S. Inflation Slowed for Sixth Straight Month in December wsj.com /1 year ago
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