America’s housing market gets another reality check Tuesday, with borrowing costs climbing and existing home sales already running below a four million annual pace. The National Association of Realtors will release its September existing home sales report October 13 at 10 a.m. Eastern. The question is whether completed transactions recovered after August’s weakness or remained stuck as affordability pressures intensified. August sales fell 2% from July to a seasonally adjusted annual rate of 3.98 million, down 1.2% from a year…
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Mortgages Hit 7.40%. Tuesday Will Show Whether Home Sales Can Climb Back Above 4 Million.
America’s housing market gets another reality check Tuesday, with borrowing costs climbing and existing home sales already running below a four million annual pace.
