Pending home sales dropped 7.3% in September from August and 11.3% year-over-year, the lowest reading since the series began in 2001, as mortgage rates surged toward 7.6% and builders grew more cautious.
Pending Home Sales Fall to Lowest Level Since 2001 as Mortgage Rates Bite
Pending home sales dropped 7.3% in September from August and 11.3% year-over-year, the lowest reading since the series began in 2001, as mortgage rates surged toward 7.6% and builders grew more cautious.
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