https://www.live-feeds.com/feed/home-sales-in-october-plummet-to-16-year-lowContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/home-sales-in-october-plummet-to-16-year-lowhttps://www.live-feeds.com/feed/home-sales-in-october-plummet-to-16-year-low#u202454Sun, 15 Nov 2026 13:06:18 +0000Existing home sales in the United States dropped 5.5 percent in October to an annualized rate of 3.75 million units, reaching their lowest level since 2010. High mortgage rates and elevated home prices continue to paralyze market activity, leaving sales in their worst slump since the aftermath of the Great Recession. Inventory has begun to pile up as listings increase, but sellers have largely refrained from slashing prices, creating a tough market environment for potential buyers.Why it mattersThe dramatic decline underscores the severe affordability constraints facing buyers across the natio