2022 U.S. home sales hit 14-year low amid rising prices, inflation, and supply chain issues.

In September 2022, U.S. home sales fell to their lowest annual rate in nearly 14 years, despite a slight drop in mortgage rates and increased property supply. This decline, marking the third consecutive monthly decrease, is linked to factors such as rising prices, inflation, and ongoing supply chain issues in construction, which have made homeownership less affordable for many potential buyers.