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Real Estate

U.S. existing home sales hit 16-year low as rates climb

Katherine Langford
Editor-in-Chief ยท Thursday, November 12, 2026 at 9:19 PM ยท 1 min read
U.S. existing home sales hit 16-year low as rates climb

U.S. existing home sales fell 5.5% in October to a 16-year low as mortgage rates and elevated prices weighed on buyers and housing affordability.

About This Story

Local news from Owatonna Current

Coverage Area

Owatonna, Minnesota

Section

Real Estate

Published

Thursday, November 12, 2026

Reading Time

1 min

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