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Existing-home sales slide to cap biggest annual drop since 2008

Por: Portland Press Herald World January 21, 2023

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Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of the housing market’s worst years on record amid a rapid jump in mortgage rates. Contract closings decreased 1.5% to an annualized pace of 4.02 million last month, the slowest rate since 2010, then according to data from the National Association of Realtors out Friday. The median estimate in a Bloomberg survey of economists called for... + full article



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