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A comment on US Pending Home Sales Fall to Second-Lowest Level on Record. Parent comment

Re:US Pending Home Sales Fall to Second-Lowest Level on Record by gamechangr on Wednesday December 28, 2022 @04:50PM (#34166481)
Demand is low because half of America has bought with an existing interest rate that is unprecedentedly low.

It’s hard to sell a mortgage with 3% interest to get a new one that’s double

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