US existing home sales slump to more than 16-year low in October

Impact · against what's priced in

Existing home sales hitting a 16-year low indicates systemic dysfunction in the US housing market. This creates a broad drag on real estate sectors and suggests potential downward revisions for GDP contributions from residential investment.

Scored by the NIS engine · methodology.

US existing home sales slump to more than 16-year low in October

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housing
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Home sales plummet to lowest level since the Great Recession as buyers flee the market

US existing home sales slump to more than 16-year low in October

What matters in this story

Home sales declined in October to their lowest level since 2010, a new trough for a housing market that has been hovering near rock bottom for more than four years

US existing home sales slump to more than 16-year low in October

What matters in this story

Home sales declined in October to their lowest level since 2010, a new trough for a housing market that has been hovering near rock bottom for more than four years

Home sales plummet to lowest level since the Great Recession as buyers flee the market

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Home sales plummet to lowest level since the Great Recession as buyers flee the market

US existing home sales slump to more than 16-year low in October

What matters in this story

Next reads from the same story arc

Home sales declined in October to their lowest level since 2010, a new trough for a housing market that has been hovering near rock bottom for more than four years

US existing home sales slump to more than 16-year low in October

What matters in this story

Next reads from the same story arc

Home sales declined in October to their lowest level since 2010, a new trough for a housing market that has been hovering near rock bottom for more than four years

Home sales plummet to lowest level since the Great Recession as buyers flee the market

Track these names every morning.

New World Development weighs up to $3.2 billion rights issue, Bloomberg News reports

AT&T Breaks Ground on New Global Headquarters: America's Most Connected Corporate Campus

Home Depot: What The Data Tells Us About The Upcoming Q3 Report

Jensen Huang Was the Mascot for the A.I. Boom Powering the U.S. Economy