‘Punch in the gut’: Homes sales fall to their lowest in 16 years

Home sales fell to their lowest since 2010, a new report shows, in large part due to high mortgage rates.

Existing homes sales in October declined 8.8% from a year earlier, according to the National Association of Realtors.

(Image credit: Mario Tama)

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Source: NPR.

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Stephan Bisaha

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