by Belle Carter, Natural News:

The National Association of Realtors (NAR) reported on December 21 that existing-home sales fell for the 10th straight month in November as the Federal Reserve keeps raising interest rates.

The report included the sales of previously owned homes, indicating a decline of 7.7 percent in November from the previous month to a seasonally adjusted annual rate of 4.09 million – the weakest rate since May 2020. Also, November sales fell 35.4 percent compared to last year. The streak of declines is the longest on record going back to 1999, NAR said.