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Home sales plunged nearly 20% in November due to rising mortgage rates and low inventory.
Home sales in the local area dropped by nearly 20% in November compared to the previous month, marking a significant decline amid rising mortgage rates and ongoing affordability challenges.
Market analysts attribute the slowdown to higher borrowing costs and persistent inventory shortages, which have dampened buyer activity.
Despite some seasonal fluctuations, the trend reflects broader national patterns of cooling housing demand.
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Las ventas de viviendas se desplomaron casi un 20% en noviembre debido al aumento de las tasas hipotecarias y al bajo inventario.