EconomyUnited States

US existing home sales fall to lowest level since 2010

Sales of existing US homes fell in October to their lowest level since 2010. Home prices were also described as hitting an all-time high, a mixed picture for buyers and sellers.

Illustration: A single suburban house with an unbranded plain sign planted in its front lawn, standing alone on a quiet street at golden hour, with no other homes sold nearby.
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Sales of existing homes in the United States fell in October to their lowest level since 2010. Existing homes are properties that have been lived in or sold before, as opposed to newly built ones.

The housing market has hovered near rock bottom for more than four years, and the latest drop is the lowest since the Great Recession. The decline adds to a long stretch of weak activity.

Illustration: Seen from above, a quiet residential neighborhood of identical small houses with empty driveways and a few unbranded plain yard signs, soft late afternoon light and long shadows.
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Prices have hit an all-time high even as fewer homes are changing hands. That mix makes the market hard to read for people planning to buy or sell a home.

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