Biden’s economy: New home sales crater as mortgage rates surge higher

By Editor Two on October 26, 2022   Exclusives, Rest of The Best, Top Stories, U.S., U.S. Economy, World Links, World Tribune  

by WorldTribune Staff, October 26, 2022 Discouraged by surging mortgage rates, a large number of potential home buyers avoided the market in September as sales of new homes declined by 10.9 percent, according to data released by the Census Bureau on Wednesday. Compared with September of 2019, the last comparable month prior to the pandemic, […]