October 2022 home sales were down year-over-year for a 10th consecutive month. Pending sales were also down year-over-year for a 10th consecutive month. Higher home prices coupled with higher interest rates have impacted affordability and continue to cool buyer demand.
Home buyers are frustrated by higher rates, rising home prices, and economic uncertainty. As a result, home sales and mortgage applications have fallen since last year. As pending sales are a good indicator or future sales and buyer demand, we should … (24 comments)
Latest news on the Greater Charlotte Region's real estate market in October 2022...
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