Existing home sales in the US continue to fall

rose98734 (64)in #economy • 5 months ago

Lots of households are on 30-year mortgages at 3%, taken out in 2021. If they moved house, the new mortgage would be 6.8%.

So, unsurprisingly, people are staying put, waiting for interest rates to come down.

Here is the chart:

source

5 months ago in #economy by rose98734 (64)

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