Weak home sales out west

Applications for new mortgages fell last week with mortgage rates edging higher and sales of existing homes declined by a deeper than expected 3.2 percent in October.

The National Association of Realtors blames higher prices and fewer homes on the market for the slowdown.

Diana Olick reports the western part of the U.S. is getting the blunt of it.

This entry was posted in NBR Show Clips, Real Estate, US Economy. Bookmark the permalink.

Leave a Reply