The United States saw a record drop in home sales in September 2022 amid surging interest and mortgage rates, according to a report from real estate firm Redfin.
The number of homes sold that month dropped by 25 percent and new listings dropped by 22 percent, according to the report. That’s the largest decline in records in both categories other than in 2020 during the height of the COVID-19 pandemic, the report noted.
