Lawrence Yun

Existing Home Sales Fall More Than Expected

Sales of previously owned homes reached 5.36 million sales on a seasonally adjusted annual basis and fell by 3.40 percent in October according to the National Association of Realtors. Rising home prices and a shortage of available homes strained housing markets. Concerns over potentially higher mortgage rates may have sidelined home buyers as concerns over an anticipated rate hike by the Federal Reserve persisted.

By |2017-08-10T02:05:56-04:00November 24th, 2015|Market Outlook|Comments Off on Existing Home Sales Fall More Than Expected