Home Sales Slump To 13-Year Low

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Slumping home sales in the U.S. reached a 13-year low this fall, according to the National Association of Realtors.

Sales of existing homes fell 4.1% in the month of September, the biggest slump since August 2010 and down a whopping 14.6% from one year previous.

High prices and surging interest rates are cited as the biggest factors.

Does the fed need to lower interest rates to boost home sales? 


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