Why Americans have stopped buying new homes

Coverage ties the slowdown to high mortgage rates and possible further Fed rate hikes. One report says homebuyers are canceling sales at near-record rates.

Timeline

1. 20 Oct, 19:50 UTCFirst appeared on Google Trends
2. 20 Oct, 19:50 UTCThe Economist covers new-home buying slowdown
3. 20 Oct, 19:50 UTCYahoo Finance reports near-record sale cancellations
4. 20 Oct, 20:14 UTCReached #1 on TrendHeat

Top sources

• mortgage ratesGoogle Trends
• mortgageGoogle Trends
• US pending home sales tumble to record low in SeptemberYahoo Finance
• Homebuyers are canceling sales at near-record ratesYahoo Finance
• Pending home sales fall 7% in September to lowest level in 25 yearsYahoo Finance
• Why Americans have stopped buying new homesThe Economist