U.S. existing home sales fall for 10th straight month
STORY: U.S. existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be squeezed by higher mortgage rates.
November’s sales plummeted 7.7%, the National Association of Realtors said on Wednesday.
Sales have now declined for 10 straight months, the longest such stretch since 1999.
The biggest impact on home sales this year? Higher mortgage rates driven by the Federal Reserve's interest rate hikes, the central bank’s fastest rate-hike cycle since the 1980s. The Fed is seeking to slow unacceptably high inflation by bringing down demand for everything – including housing.
The average rate on a 30-year fixed-rate mortgage surged to above 7% a few months ago, the highest since 2002, according to data from mortgage finance agency Freddie Mac. Though the rate retreated a bit last week, it is double what it was that time a year ago.
The housing market boomed early in the health crisis as Americans sought bigger properties to accommodate home offices, driving up prices beyond the reach of many. Even with demand down and sales soft, supply remains tight, keeping home prices elevated, though the pace of price increases is slowing.
The median price of an existing home increased 3.5% from a year earlier to $370,700 in November. It was still the highest house price for any November and prices remain about 37% above what they were before the health crisis.
相關影片推薦
- 2:04颱風來襲前採買! 菜價飆漲3成.市場空心菜貴TVBS新聞網影音24,156 次觀看・19 小時前
- 5:47一分鐘報天氣 / 週一 (09/30) 山陀兒颱風警報發布,明起影響漸大,週二到週四全台戒備Yahoo奇摩新聞(報氣象)8,728 次觀看・20 小時前
- 1:48急將傷者送醫! 3警消要肇事男"借過"反遭暴打民視影音72,572 次觀看・11 小時前
- 1:49台中執行公車大執法 民眾又見客運跨越雙黃線逆向華視影音4,219 次觀看・15 小時前
- 2:41朱亞虎認行賄!洪指蔡下波調查對象 蔡告:與我無關華視影音87,620 次觀看・16 小時前
- 1:57中颱山陀兒"長胖又西偏" 蘭嶼宣布9/30停班停課民視影音30,125 次觀看・11 小時前
- 1:59颱風假放兩天? 山陀兒詭譎 北北基宜花東6縣市有機會東森新聞影音5,568 次觀看・14 小時前
- 1:40突開車門害祖孫媳摔車遭後車輾 失聯移工肇逃栽了華視影音172,356 次觀看・1 天前
- 1:34南韓2027禁吃狗肉 50萬隻「食用犬」找新家 每隻補助1.4萬元Yahoo奇摩(國際通)48,114 次觀看・2 天前
- 1:26上國道車故障!男下車放警示牌 遭砂石車撞飛亡華視影音8,221 次觀看・3 天前
熱門必看
- 13:03【隱性潛能】真正的成功不是你的結果,而是你走了多久,發揮韌性的時代來臨!江湖人稱S姐20,348 次觀看・1 天前
- 28:12【東京自由行】必逛木更津OUTLET全日本最大級!300品牌半價以上買到手軟|BEAMS、Adidas、MICHAEL KORS、日本潮牌|日本必買・日本購物・Japan 4K vlog吉田社長交朋友8,015 次觀看・1 天前
- 31:01閉關修煉過程中帝君顯現教乩身 ?! 我的兄弟成神之路EP.2含羞草日記4,713 次觀看・1 天前
- 0:52濃郁不膩口~日式南蠻雞iCook愛料理 TV26,853 次觀看・3 天前
- 4:11經典劇情連看三次也不嫌膩 倫敦「悲慘世界」有什麼魔力?Yahoo創作摩人89,870 次觀看・5 天前