Coverage dated November 26, 2023 to November 29, 2023

US pending home sales fell to their lowest level in 20 years last month

Headline from Local News 8, on the newest of 2 developments

US pending home sales fell to their lowest level in 20 years in October as mortgage rates surged to their highest levels of the year, according to a report released Thursday.

Local News 8's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

Nov 27, 2023
New home sales fell last month as mortgage rates hit 2023 high
Headline from Local News 8 ·
Nov 30, 2023Newest
US pending home sales fell to their lowest level in 20 years last month
Headline from Local News 8 ·

Read the reports

Reports & sources

13 articles, oldest first.

Local News 8
New home sales fell last month as mortgage rates hit 2023 high (opens Local News 8)
Published Nov 26, 2023
Local News 8's feed description
New home sales in the United States fell in October as typical mortgage rates reached their highest levels this year.
Washington Examiner
New home sales fell in October as housing market hit by historic mortgage rates (opens Washington Examiner)
Published Nov 26, 2023
Washington Examiner's feed description
Sales of new homes declined in October, showing that the housing market is languishing under the pressure of soaring mortgage rates.
New York Post
New home sales dropped more than expected in October as shortage persists (opens New York Post)
Published Nov 26, 2023
New York Post's feed description
The stock of previously owned houses on the market is nearly 50% below it’s pre-pandemic level, according to the National Association of Realtors.
Digital Journal
Sales of new US homes slow in October (opens Digital Journal)
Published Nov 26, 2023
Digital Journal's feed description
Sales of new single-family houses logged a lower than expected annual rate of 679,000 last month, seasonally adjusted.
FOX Business
New home sales fell more than expected after spike in mortgage rates (opens FOX Business)
Published Nov 26, 2023
FOX Business's feed description
New home sales in the U.S. fell more than expected in October as mortgage rates hit a two-decade high, pushing many would-be buyers out of the market.
Investopedia
New Home Sales Slump More Than Anticipated in October (opens Investopedia)
Published Nov 26, 2023
Investopedia's feed description
New home sales for October came in at an annual rate of 679,000, but analysts were expecting to see that category of sales hit 725,000.
Bloomberg
US New-Home Sales Fall as High Mortgage Rates Weigh on Demand (opens Bloomberg)
Published Nov 26, 2023
Bloomberg's feed description
US sales of new houses fell in October after a downward revision to the prior month as decades-high mortgage rates weighed on demand.
FOX Business
Pending home sales fall to record low as high mortgage rates take a toll (opens FOX Business)
Published Nov 29, 2023
FOX Business's feed description
Signed contracts to buy previously owned homes in the U.S. plummeted in October to the lowest level on a record amid a recent spike in mortgage rates.
NBC News
Pending home sales drop to a record low, even worse than during the financial crisis (opens NBC News)
Published Nov 29, 2023
NBC News's feed description
They fell most steeply in the West, which is where homes are most expensive. Sales were down everywhere compared with a year ago.
Local News 8
US pending home sales fell to their lowest level in 20 years last month (opens Local News 8)
Published Nov 29, 2023
Local News 8's feed description
US pending home sales fell to their lowest level in 20 years in October as mortgage rates surged to their highest levels of the year, according to a report released Thursday.
Washington Examiner
Pending home sales drop to lowest level on record, in bad sign for housing market (opens Washington Examiner)
Published Nov 29, 2023
Washington Examiner's feed description
Contract signings for existing homes have fallen to a record low, in another sign of the beating the housing market is taking.
Bloomberg
US Pending Home Sales Index Drops to Lowest Level on Record (opens Bloomberg)
Published Nov 29, 2023
Bloomberg's feed description
A gauge of pending sales of existing US homes fell to its lowest level on record in October, illustrating a resale market battered by high borrowing costs and prices.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.