✉news BusinessReal Estate first seen 8 d ago, last 8 d ago, peak #23
U.S. existing home sales set to slump in Q4 as mortgage rates climb
Analysts expect existing home sales in the United States to fall further in the fourth quarter as mortgage rates continue to rise. Higher borrowing costs are squeezing affordability, discouraging buyers and keeping sellers locked into older, cheaper loans from listing their homes. The housing market has been one of the sectors most sensitive to the recent run-up in interest rates.
Why now: Rising mortgage rates are renewing concern about a cooling U.S. housing market.
United StatesU.S. housing market
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Evidence
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