US home sales hit 10-year low as mortgage rates rise, CoreLogic says

Bitget2026/10/29 10:10

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An October 29, 2026, property market report showed September U.S. home sales fell 5.4% year over year.
Combined August and September sales volumes hit a 10-year low, with sales declining in 40 of the 50 largest metropolitan markets.
October 30-year mortgage rates averaged 7.35%, versus 4.33% on outstanding mortgages in August, discouraging homeowners from selling.
Housing turnover dropped to 3.8%, below the 5% average for 2011-2019, underscoring subdued mobility beyond financing constraints.
National home prices rose 1.8% year over year, up from July's 1.6%, masking regional divisions driven by supply constraints and cooling demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreLogic Inc. published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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US home sales hit 10-year low as mortgage rates rise, CoreLogic says

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