US sales fall 8.8% annually
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U.S. existing-home sales fell to a 16-year low in October, dropping 8.8% year over year to an annualized 3.75 million as mortgage rates topped 7%.
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Sobering US housing data: October sales of existing US homes fell 5.5% to their lowest level in 16 years.
Think of this as another data point consistent with my view that, with nothing making room in the bond market for the significant uptick in AI-related borrowing, higher interest...
1 of 2
Think of this as another data point consistent with my view that, with nothing making room in the bond market for the significant uptick in AI-related borrowing, higher interest...
1 of 2
November 12, 2026 at 3:08 PM
Sobering US housing data: October sales of existing US homes fell 5.5% to their lowest level in 16 years.
Think of this as another data point consistent with my view that, with nothing making room in the bond market for the significant uptick in AI-related borrowing, higher interest...
1 of 2
Think of this as another data point consistent with my view that, with nothing making room in the bond market for the significant uptick in AI-related borrowing, higher interest...
1 of 2
Inventory of Existing Family Homes rose to 1.39 million units in Oct 2026. Given the current sales pace, it would take 4.9 months to sell this existing housing inventory, up from 4.5 #econsky
November 12, 2026 at 3:18 PM
Inventory of Existing Family Homes rose to 1.39 million units in Oct 2026. Given the current sales pace, it would take 4.9 months to sell this existing housing inventory, up from 4.5 #econsky
Reposted by Thomas Masterson
BREAKING: U.S. home sales dropped to their lowest level in 16 years.
We’re seeing levels not seen since the aftermath of the 2008 housing crash.
Existing-home sales fell 5.5% in October and 8.8% from a year ago, their lowest level since August 2010.
America’s housing market is getting worse.
We’re seeing levels not seen since the aftermath of the 2008 housing crash.
Existing-home sales fell 5.5% in October and 8.8% from a year ago, their lowest level since August 2010.
America’s housing market is getting worse.
November 12, 2026 at 3:20 PM
BREAKING: U.S. home sales dropped to their lowest level in 16 years.
We’re seeing levels not seen since the aftermath of the 2008 housing crash.
Existing-home sales fell 5.5% in October and 8.8% from a year ago, their lowest level since August 2010.
America’s housing market is getting worse.
We’re seeing levels not seen since the aftermath of the 2008 housing crash.
Existing-home sales fell 5.5% in October and 8.8% from a year ago, their lowest level since August 2010.
America’s housing market is getting worse.