Existing Home Sales Fall Below 4 Million for First Time Since October 2010
The number of existing home sales decreased by 2% in September to 3.96 million, and 15.4% from one year ago.
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The number of existing home sales decreased by 2% in September to 3.96 million, and 15.4% from one year ago.
In April 2023 I reported that the Kohala Coast resort condo low inventory situation had eased slightly, with 28 listings to choose from at the end of what would typically be high season for resort property sales in Hawaiʻi.
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Record-high monthly mortgage payments and tight inventory are part of the bleak picture of housing affordability in the US.
Despite the drop in 30-year fixed mortgage rates last week, weekly mortgage applications decreased by 2.9% to the lowest level since December 1996.