The National Association of Realtors reported existing-home sales fell 5.5% in October
U.S. existing-home sales fell 5.5% in October from September to a seasonally adjusted annual rate of 3.75 million, the slowest pace since August 2010, the National Association of Realtors said Thursday. The decline came as mortgage rates climbed sharply, increasing borrowing costs for prospective buyers.
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The New York Post reported that October marked the third consecutive month sales remained below an annualized pace of 4 million. Sales have hovered near that pace since 2023, below a historic norm of about 5.2 million, the newspaper said. Lawrence Yun, the association’s chief economist, said, “It is just a tough market for buyers and sellers.”
Aktualita reported that sales were down 8.8% from October 2025. It also reported that first-time buyers accounted for 29% of transactions, down from 31% in September and 32% in October 2025.
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