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Year Over Year Home Sales Down Over 11%
Posted on 10/20/26 at 9:10 am
Posted on 10/20/26 at 9:10 am
This has to be brutal for Real Estate Agents/Brokers. Guess, "dating the rate" wasn't such a good idea after all.
Key Year-Over-Year Statistics
• Pending Home Sales: Dropped 11.3% year-over-year in September 2026 (and fell 7.3% from August), hitting one of the lowest points in over a decade.
• Existing-Home Sales: Decreased 2.2% year-over-year in September 2026 to a seasonally adjusted annualized rate of 3.99 million units, with declines across all four major U.S. regions (Northeast, Midwest, South, and West).
• Contract Cancellations: Reached 14.5% of homes falling out of contract in September, the highest rate outside of the early COVID-19 pandemic.
What Is Driving the Decline?
• Surging Mortgage Rates: Rapidly rising borrowing costs in late summer and fall have priced many prospective buyers out of qualifying for a home
LINK
Key Year-Over-Year Statistics
• Pending Home Sales: Dropped 11.3% year-over-year in September 2026 (and fell 7.3% from August), hitting one of the lowest points in over a decade.
• Existing-Home Sales: Decreased 2.2% year-over-year in September 2026 to a seasonally adjusted annualized rate of 3.99 million units, with declines across all four major U.S. regions (Northeast, Midwest, South, and West).
• Contract Cancellations: Reached 14.5% of homes falling out of contract in September, the highest rate outside of the early COVID-19 pandemic.
What Is Driving the Decline?
• Surging Mortgage Rates: Rapidly rising borrowing costs in late summer and fall have priced many prospective buyers out of qualifying for a home
LINK
This post was edited on 10/20/26 at 9:12 am
Posted on 10/20/26 at 9:11 am to ronricks
Mortgage rates going up, people locked into covid era low rates. People not willing to lower prices to sell because hurr durr price always go up.
Something will break sooner or later.
Something will break sooner or later.
Posted on 10/20/26 at 9:13 am to ronricks
quote:
What Is Driving the Decline?
Deportations, USAID and NGO's going bust, cutting government funding to illegals.
Posted on 10/20/26 at 9:15 am to ronricks
Of course you post Diana Olick
Shes been telling ppl not to buy a home since 2010
Shes been right as much as you have
Shes been telling ppl not to buy a home since 2010
Shes been right as much as you have
Posted on 10/20/26 at 9:15 am to ronricks
quote:
What Is Driving the Decline?
Surging Mortgage Rates
Posted on 10/20/26 at 9:16 am to SDVTiger
quote:
SDVCuck
Like many real estate agents you will be turning in the keys for your leased car soon because you can't afford it. Welp.
Posted on 10/20/26 at 9:18 am to ronricks
Realtors:
Homes sales down 11? Post the listing price at 11% higher
Homes sales down 11? Post the listing price at 11% higher
Posted on 10/20/26 at 9:19 am to ronricks
quote:
Year Over Year Home Sales Down Over 11%
Good. Now housing prices will fall and all these losers can stop complaining about houses being unaffordable.
Posted on 10/20/26 at 9:19 am to ronricks
Rates today are 7.25%. Most sellers I’ve seen are offering cash incentives to buy rates down. It’s also fall when home sales decline. Also rates are cheaper today than a year ago when sales were up so what does that say exactly about the premise?
Posted on 10/20/26 at 9:21 am to DeBoar
quote:
Also rates are cheaper today than a year ago when sales were up
quote:
Rates today are 7.25%
A year ago today (October 20, 2025), the average 30-year fixed-rate mortgage was approximately 6.27% to 6.30%
Why do you lie so much?
Posted on 10/20/26 at 9:22 am to JellyRoll
quote:
Deportations, USAID and NGO's going bust, cutting government funding to illegals.
Posted on 10/20/26 at 9:27 am to ronricks
I’m ok with rates rising to 7.85 - 8.25%… that’s when the MAGIC starts!
Posted on 10/20/26 at 9:29 am to atlgamecockman
This
Cities cracking down on airbnbs forcing out of state property owners to unload as well
Cities cracking down on airbnbs forcing out of state property owners to unload as well
Posted on 10/20/26 at 9:36 am to ronricks
Continued deficit spending as high as a giraffe's arse has consequences, this is just one of them.
Thanks, Congress.
Thanks, Congress.
Posted on 10/20/26 at 9:37 am to ronricks
You heard it here first.
I told yall sell at peak and chill.
I told yall sell at peak and chill.
Posted on 10/20/26 at 9:37 am to ronricks
The number of price reductions is reported to be very high too
Posted on 10/20/26 at 9:38 am to MyMardiGrasHat
quote:this is the most dem/lib thing I support
Cities cracking down on airbnbs forcing out of state property owners to unload as well
frick Airbnb
Posted on 10/20/26 at 9:38 am to ronricks
Good who cares. Real estate is a racket anyways. People trying to flip Covid homes for double what they paid 6 years ago
Posted on 10/20/26 at 9:40 am to ronricks
quote:
Why do you lie so much?
It’s only fair since the last debate we had about this you said people weren’t paying the rate but paying above it to skert around what the rate actually was. Forgetting that dishonesty?
Posted on 10/20/26 at 9:40 am to texag7
quote:
People trying to flip Covid homes for double what they paid 6 years ago
A home is only worth what someone is willing to pay for it sellers are learning a brutal lesson right now.
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