US Housing Freezes in September as Fed Weighs Rate Hikes — SkimNews
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- September housing data shows the US market in a deep freeze, with pending home sales falling and homebuyers canceling sales at near-record rates.
- The Federal Reserve is weighing more interest rate hikes as housing flashes warning signs, with additional coverage exploring why Americans have stopped buying new homes.
Why it matters: Pending home sales fell and buyer cancellations hit near-record rates in September—the same data points the Federal Reserve will see as it weighs further rate hikes, three converging data points on a market that has stopped moving.
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