Higher mortgage rates weighed on US new home sales in October
New home sales fell 5.6% to 679,000 units The median home price fell 17.6% to $409,300 from a year ago WASHINGTON, Nov 27 (Reuters) – Sales of new single-family homes in the U.S. fell more than expected in October as higher mortgage rates pushed out buyers even as builders cut prices, but the setback is …
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