Property News · October 24, 2018

Buyers 'hibernating' as spiking mortgage rates hit housing harder than expected


Builders warned of a slowdown in home sales, except the numbers are worse than expected. Sales of newly built homes dropped 5.5 percent in September compared with August, and were 13 percent lower compared to a year ago, according to the U.S. Census. 

Source : cnbc.com
Read more…Buyers ‘hibernating’ as spiking mortgage rates hit housing harder than expected

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