Home sales dropped in September to a 13-year low as surging prices and mortgage rates stymie demand

Home sales dropped in September to a 13-year low as surging prices and mortgage rates stymie demand

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Home sales dropped in September to the lowest level in 13 years as surging interest rates and climbing home prices made buying a home unattainable for a growing share of would-be buyers. Historically low inventory of homes for sale continued to push prices up and rates that crossed over 7% in…

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