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‘A very tough market out there’: U.S. home sales fell 2.2% from last year as mortgage rates and prices rise
The housing market has been in a slump since 2022, when mortgage rates began to climb from pandemic-era lows
Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers. Existing home sales rose 1.5% last month from August to a seasonally…
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