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Pending home sales fall to record low as high mortgage rates take a toll

Por: Fox Business Business November 30, 2023

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NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership and using family money for home down payment. Signed contracts to buy previously owned homes in the U.S. fell last month to the lowest level on record as a spike in mortgage rates locked many would-be buyers out of the market. The said Thursday that its pending home sales index decreased 1.5% in October to the lowest reading since the gauge was established in... + full article



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