Home Sales Slumped 35% in November, the Biggest Decline on Record

A surge in mortgage rates in early November caused sales and prices to slow, but there are early signs that demand may be creeping back as rates reverse course. Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also … Continue reading Home Sales Slumped 35% in November, the Biggest Decline on Record