US home sales fell nearly 8% last month, posting their longest streak of declines in 23 years

US home sales fell nearly 8% last month, posting their longest streak of declines in 23 years

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A home for sale. FREDERIC J. BROWN/AFP via Getty Images Existing home sales have fallen for 10 consecutive months, the longest slump since 1999, according to data from NAR. That's a sign rising rates are weighing on the housing market, with the average rate for a 30-year mortgage surpassing 7%…

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