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New home sales rise in October

Por: The Hill Politics November 24, 2022

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New home sales jumped last month despite consistently high mortgage rates that experts say have hampered affordability and pushed potential buyers out of the market.  Sales of new single-family homes rose by 7.5 percent in October at a seasonally adjusted annual rate of 632,000, according to released on Wednesday.   However, the fluctuating rates could put pressure on buyers who may be unsure when to enter or exit the market.  “Mortgage... + full article



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