Published 1 year ago

U.S. existing home sales plunge in October; prices still elevated

Summary by Reuters

U.S. existing home sales tumbled for a ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained elevated, pushing homeownership out of the reach of many Americans.

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Reuters

U.S. existing home sales plunge; tight inventory keeps prices rising

U.S. existing home sales tumbled for a record ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained elevated, pushing homeownership out of the reach of many Americans.

1 year ago·United Kingdom

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Associated Press News

US home sales fell in October for ninth straight month

Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled

1 year ago·United States

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CNN

US home sales fall for 9th month in a row in October

Home sales in the US declined for the ninth month in a row in October as surging mortgage rates and high prices pushed buyers out of the market.

1 year ago·Atlanta, United States

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Washington Times

Sales of existing homes slump for ninth straight month, slowest pace in U.S. since 2011

Sales of previously owned homes fell for the ninth straight month in October, another indicator that inflation and higher mortgage rates are slowing the U.S. housing market dramatically.

1 year ago·United States

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The Washington Post

US home sales fell in October for ninth straight month

Sales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market

1 year ago

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KRDO

US home sales fell in October for ninth straight month

By ALEX VEIGA AP Business WriterSales of previously occupied U.S. homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market. Existing home sales fell 5.9% last month from September to a seasonally adjusted annual rate of 4.43 million, the National Association of Realtors said Frid…

1 year ago·Colorado Springs, United States

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