Housing market records sharpest decline in sales in almost two decades: report - Fox Business

The sharp decline shows the lagging effect of the increased mortgage rate on the housing market, with prices still higher than the same time last year despite declining.

New data indicates that the housing market is seeing its most severe drop in almost two decades as home sales hit their lowest level in seven years.  Existing Home Sales data showed a drop of 5.9% f… [+3110 chars]

full article...