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US new home sales hit a two-year low in October, dropping 17.3% due to higher mortgage rates and prices.
US new home sales fell to a two-year low in October, dropping by 17.3% and exceeding expectations for a decline.
This significant decrease reflects broader housing market challenges, including higher mortgage rates and increased home prices, making it harder for buyers to enter the market.
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Las ventas de nuevos hogares estadounidenses alcanzaron un nivel bajo de dos años en octubre, cayendo un 17,3% debido a las tasas de hipotecas y precios más altos.