Verified · 4 outletsBusiness
US home sales fall to lowest level since 2010 as mortgage rates soar
Headline via Financial Times · first report 12 Nov, 20:31 IST, latest 13 Nov, 00:14 IST
What we know
4 independent news organisations have reported this story. The first report we saw came from MarketWatch at 12 Nov, 20:31 IST; the latest is from NPR at 13 Nov, 00:14 IST. Rational Times has not independently confirmed the details: read each report through the links below.
StatusVerified
Reported by4 news organisations
First report12 Nov, 20:31 IST
Latest report13 Nov, 00:14 IST
DeskBusiness
What the reports sayEach newsroom’s own summary of its report, from its feed
Home sales fell in October to a 16-year low as buyers bolted from the housing market in the face of 7% mortgage rates.
Higher borrowing costs deepen housing market slump as interest rates weigh on transactions
The sale of previously owned homes dropped 5.5 percent in October, the lowest level since August 2010.
Existing homes sales in October declined 8.8% from a year earlier, according to the National Association of Realtors.
Quoted from the newsrooms’ own feeds, with their names and links. Rational Times has not independently confirmed the details.
The reports4 reports
- MarketWatch Home sales plummet to lowest level since the Great Recession as buyers flee the market
- Financial Times US home sales fall to lowest level since 2010 as mortgage rates soar
- Al Jazeera Home sales in the US are at their lowest level since 2016
- NPR 'Punch in the gut': Homes sales fall to their lowest in 16 years
Headlines belong to the news organisations named; each links to their own report. We group reports automatically by their key words, so now and then two different stories can be grouped together, or one story split in two. Tell us about a mistake
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