November’s Housing Market Crawled to Its Slowest Pace in 5 Years—Even as Prices Fell and Housing Stock Jumped

The residential real estate market came to a crawl last month—and it all comes down to persistently high mortgage rates. “We find that high rates in November had led to the slowest market since January of this year and the slowest November in five years,” says Realtor.com® senior economist Ralph McLaughlin in his November monthly
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