US home sales fall for 9th month in a row in October | CNN Business
Markets Fear & Greed Index Latest Market News Home sales in the US declined for the ninth month in a row in October as surging mortgage rates and high prices pushed buyers out of the market. Sales of existing homes – which include single-family homes, townhomes, condominiums and co-ops – were down 28.4% in October from a year ago and down 5.9% from September, according to the National Association of Realtors. All regions of the US saw month-over-month and year-over-year declines. That continues a slowing trend that began in February and marks the longest streak of declining sales on record. Sales in October were at their weakest level since May 2020, when the real estate market was at a standstill during the pandemic lockdowns. Beyond that, sales last month were the weakest they have been since December 2011. How much house can I afford? Still, home prices continued to climb during the month. The median home price was $379,100 in October, up 6.6% from one year ago, according to the rep
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### Response: Markets Fear & Greed Index Latest Market News Home sales in the US declined for the ninth month in a row in October as surging mortgage rates and high prices pushed buyers out of the market. Sales of existing homes – which include single-family homes, townhomes, condominiums and co-ops – were down 28.4% in October from a year ago and down 5.9% from September, according to the National Association of Realtors. All regions of the US saw month-over-month and year-over-year declines. That continues a slowing trend that began in February and marks the longest streak of declining sales on record. Sales in October were at their weakest level since May 2020, when the real estate market was at a standstill during the pandemic lockdowns. Beyond that, sales last month were the weakest they have been since December 2011. How much house can I afford? Still, home prices continued to climb during the month. The median home price was $379,100 in October, up 6.6% from one year ago, according to the rep