October Home Sales Likely Fell to New 13-Year Low


Tuesday’s existing-home-sales report is expected to show that the number of home sales in October fell to a new 13-year low.
• Economists surveyed by The Wall Street Journal estimate sales of previously owned homes fell a seasonally adjusted 1.5% in October from September.
• High home prices and elevated mortgage rates have made home purchases far less affordable for buyers,…

This story appeared on wsj.com, .
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