Existing Home Sales Drop Amid Rising Prices, Low Supply
Video Credit: Wochit Tech - Duration: 00:36s - Published
Existing Home Sales Drop Amid Rising Prices, Low Supply
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November.
It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally.
According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million.
