Report
US existing-home sales fall to 16-year low, Bloomberg reports
The National Association of Realtors reported October closings fell 5.5% to an annualized 3.75 million.
TLDR
Mortgage-rate and inflation worries deterred would-be buyers, Bloomberg reports. Sales of previously owned US homes hit a 16-year low in October, with closings down 5.5% to an annualized 3.75 million, according to National Association of Realtors figures cited by Bloomberg.
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