US October Existing Home Sales Fall to 3.75 Million Annualized, Lowest Since 2010

The weakness is broad-based rather than regional, with the West setting a record low and the South and Midwest at multi-decade troughs—a signal that the drag is structural, not a one-off. This matters for anyone tracking housing as collateral and as an economic barometer, since existing-home turnover feeds directly into related spending and credit activity. The open question is whether the decline reflects financing conditions alone or something deeper in household mobility; the breadth of the drop suggests the latter deserves attention.