Christophe Barraud
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Existing Home Sales on Track To Reach a 13-Year Low
After rebounding earlier this year, existing home sales fell for a second straight month in July. The correction is likely to continue in the coming months as existing home inventory remains depressed and demand is weakening. Using mortgage purchase applications as a proxy, existing home sales are likely to reach a 13-year low soon.
August 28, 2023 at 05:49 am
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