Fortune (October 21)
2023/ 10/ 22 by jd in Global News
“After a long, hot summer that saw mortgage rates creep ever higher, October has brought an early winter for the housing market. Existing-home sales dropped a stunning 15% in September on a year-over-year basis to a seasonally adjusted annual rate of 3.96 million transactions.” This marks the worst performance since the economy “was struggling to pull out of the Great Financial Crisis.”
