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Home Sales Edge Up as Higher Rates Give Buyers More Bargaining Power
Home sales edge up amid higher rates, giving buyers increased bargaining power while pending sales sink near lows.
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Home sales edge up amid higher rates, giving buyers increased bargaining power while pending sales sink near lows.
Housing data reveals a sharp decline in home sales as high mortgage rates and elevated prices push buyer numbers to a 13-year low.
U.S. homebuyers are facing a difficult dilemma as home prices accelerate even while mortgage rates remain above 6.5%.