Experts: New home sales fell 17% in April
New home sales fell nearly 17% last month to 591,000.
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May 25, 2022, 4:51 PM
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Updated 1,082 days ago
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6ds agoThe prices of homes may be skyrocketing, but officials say sales are not.
New home sales fell nearly 17% last month to 591,000. That is the lowest level since the early days of the pandemic.
Experts say higher prices and rising mortgage rates are to blame.
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