Home sales hit 16-year low in October amid record-high mortgage rates

November 12, 2026 · 3:01 pm 3 sources

Image: The Guardian

Coverage

Wires & papers of record

• Home sales hit 16-year low in October amid record-high mortgage rates
  The Guardian · November 12, 2026 17:26
  Sales of built units fell to 3.75m in October, down by 8.8% from last year, with mortgage rates at nearly three-year high US existing home sales hit a 16-year low in October as buyers were driven away by record-high mortgage rates and rising inflation, according to new data released on Wednesday.…
• 'Punch in the gut': Homes sales fall to their lowest in 16 years
  NPR · November 12, 2026 18:44
  Existing homes sales in October declined 8.8% from a year earlier, according to the National Association of Realtors.

Coverage

• Home sales plummet to lowest level since the Great Recession as buyers flee the market
  MarketWatch · November 12, 2026 15:01
  Home sales fell in October to a 16-year low as buyers bolted from the housing market in the face of 7% mortgage rates.