Existing Home Sales Fall to Lowest Level Since 2010

Douglas Elliman executive director of sales Dina Goldentayer discusses Florida’s red-hot housing market as demand continues to rise on ‘Mornings with Maria.’  U.S. existing home sales slowed for the 11th consecutive month in December as higher mortgage rates, surging inflation and steep home prices sapped consumer demand from the housing market.  Sales of previously owned homes tumbled 1.5% in December from the prior month to an annual rate of 4.02 million units, according to new data released Friday by the National Association of Realtors (NAR). On an annual basis, existing home sales are down 34% when compar …