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Home Sales in October Plummet to 16-Year Low
U.S. existing-home sales fell 5.5% in October to a seasonally adjusted annual rate of 3.75 million, the slowest pace since August 2010, as mortgage rates surged above 7%.
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U.S. existing-home sales fell 5.5% in October to a seasonally adjusted annual rate of 3.75 million, the slowest pace since August 2010, as mortgage rates surged above 7%.