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New Home Sales Fall to 2-Year Low

Mortgage News > New Home Sales Fall to 2-Year Low
Date: 10/24/2018    New Home Sales Fall to 2-Year Low

Higher prices and rising mortgage interest rates are taking their toll on the housing market, according to the U.S. Commerce Department, with September sales of new single-family homes declining 5.5% from August and 13.2% from the previous year. Sales are now near a 2-year low. Sales numbers for August, July and June were all revised lower in the latest report, making for decreasing new home sales for four consecutive months.

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