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Redfin: Home Sales Sink 20% In September As Super High Mortgage Rates Crush The Market

Redfin: Home Sales Sink 20% In September As Super High Mortgage Rates Crush The Market
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60K real estate deals called off in September

High mortgage rates are driving down home sales and dampening buyer competition as many potential buyers and sellers remain put in the real estate market, according to Redfin.

Buyers Regaining Some Control: Redfin

More than one in five sellers dropped their asking price during May 2022, the highest rate since October 2019.

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