Published: 2026-11-12T15:13:36.000Z
U.S. October Existing Home Sales - Rising mortgage rates having an impact
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October existing home sales have resumed a negative trend with a steep 5.5% decline to follow a 1.0% increase in September, which was the first rise in four months. The level of 3.75m is the weakest since August 2010.
The data clearly suggests that upward pressure on mortgage rates is weighing significantly on housing demand. As has also been suggested by recent pending home sales data and survey evidence from the NAHB and MBA.
Sales are down by 8.8% yr/yr. The median price is still positive at 0.4% yr/yr, but this is down from 1.4% in September and the lowest since February. On the month, the median price fell by 0.4%.
