U.S. existing-home sales fall to lowest level in about 16 years in October

'Punch in the gut': Homes sales fall to their lowest in 16 years

Existing homes sales in October declined 8.8% from a year earlier, according to the National Association of Realtors.

Home sales in the US are at their lowest level since 2016

The sale of previously owned homes dropped 5.5 percent in October, the lowest level since August 2010.

Home sales in worst slump since the aftermath of the Great Recession

Home sales are slumping, and mortgage rates have pushed up the typical monthly payment for homebuyers in the U.S.

Home sales hit 16-year low in October amid record-high mortgage ratesSensational language“record-high mortgage rates”Mortgage rates were at their highest level since 2000 apart from one month in 2023, so record-high overstates the data the article itself reports.More neutral: mortgage rates at their highest level in nearly three yearsDisagree with this highlight?

Sales of built units fell to 3.75m in October, down by 8.8% from last year, with mortgage rates at nearly three-year high US existing home sales hit a 16-year low in October as buyers were driven away by record-high mortgage rates and rising inflation, according to new data …

Sales of Existing US Homes Tumble to Lowest Level Since 2010

US previously owned home sales fell last month to a 16-year low as a cascade of negative newsSensational language“cascade of negative news”The phrase dramatizes the news flow and states as fact that it caused buyers to hold back, which the reporting does not establish.More neutral: a series of reports on rising mortgage rates and inflationDisagree with this highlight? on mortgage rates and inflation deterred would-be buyers.

US home sales slumped in October to slowest pace in more than 16 years as mortgage rates surged

The Boston Globe published a report that is shown in full at The Washington Times.

October existing-home sales fall to 16-year low, Realtor group says

Existing-home sales fell to a 16-year low in October due to high mortgage interest rates, the National Association of Realtors said Thurdsay.

US home sales fall to lowest level since 2010 as mortgage rates soarLoaded verb“soar”Mortgage rates rose to multiyear highs, and ‘soar’ adds drama beyond the reported rise.More neutral: riseDisagree with this highlight?

Higher borrowing costs deepen housing market slump as interest rates weigh on transactions

Home sales plummet to lowest level since the Great Recession as buyers fleeLoaded verb“buyers flee”Flee implies panic and abandonment, which the sales figures alone do not show.More neutral: buyers pull backDisagree with this highlight? the market

Home sales fell in October to a 16-year low as buyers boltedLoaded verb“bolted”Bolted implies sudden panicked escape, which goes beyond a reported decline in sales.More neutral: pulled backDisagree with this highlight? from the housing market in the face of 7% mortgage rates.

Home sales plunge to 16-year low as mortgage rates stay high: ‘Just a tough market’

Sales are at their lowest since the late-2000s housing crash.

Existing-Home Sales Plunge to 16-Year Low as Mortgage Rates Climb

Sales of previously owned U.S. homes fell sharply in October to their lowest level in more than 16 years, as rising mortgage rates squeezed buyers already struggling with high prices. Existing-home sales dropped 5.5 percent from September to a seasonally

U.S. home sales slumped in October to slowest pace in more than 16 years as mortgage rates surged

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 16 years as mortgage rates climbed sharply, ratcheting up borrowing costs for aspiring homebuyers.

Also published by The Boston Globe. It counts once.

Home sales fall to lowest level in 16 years — lowest since the subprime crisis era

The median existing-home price for all housing types was $416,700, an increase of 0.4% from one year ago. This makes it the 40th consecutive month of year-over-year price increases.