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Suburban houses in the United States (file photo)Business & Finance

US existing-home sales fall to a 16-year low in October as mortgage rates above 7% freeze out buyers

Sales of previously owned homes in the United States fell 5.5% in October to an annual rate of 3.75 million, the slowest pace since August 2010, as surging mortgage rates pushed would-be buyers to the sidelines.

Business & Finance · 13 Nov 2026, 7:15 am