Claims extracted
19
sentences that state something as happening or true
Uncertain
5%
1 of 19 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
67/100
New York Post's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Home sales slowed last month — as mortgage rates climbed: ‘Very tough market out there’
By
Associated Press
Published Oct. 13, 2026, 11:23 a.m. ET
See more of our coverage in your search results.
asserted
rates → slow → results
Sales of previously occupied US homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers.
asserted
rates → occupy → homebuyers
Existing home sales rose 1.5% last month from August to a seasonally adjusted annual rate of 3.99 million units, the National Association of Realtors said Tuesday.
One of the factors in the monthly increase is that sales in August were revised lower.
asserted
sales → exist → August
Sales fell 2.2% compared with September last year.
asserted
Sales → fall → September
The latest sales tally is slightly above the 3.98 million pace economists were expecting, according to FactSet.
uncertain
economists → expect → FactSet
Home sales have been mostly hovering close to a 4-million annual pace going back to 2023, far short of the historic norm that is closer to 5.2-million.
asserted
that → hover → million
September is the second month in a row that the annual sales pace has remained below 4 million.
asserted
pace → remain → million
Home prices continued to rise nationally last month.
asserted
prices → continue → ?
The US median sales price increased 1.3% in September from a year earlier to $417,500, an all-time high for the month of September based on data going back to 1999, NAR said.
Home prices have risen on an annual basis for 39 months in a row.
“This is a very tough market out there, especially with mortgage rates rising,” said Lawrence Yun, NAR’s chief economist.
asserted
Yun → increase → row
The US housing market has been in a slump since 2022, when mortgage rates began to climb from pandemic-era lows.
asserted
rates → begin → lows
Sales of previously occupied homes were essentially flat last year, stuck at a 30-year low.
asserted
Sales → occupy → low
This year, sales have been in a rut in large part due to rising borrowing costs, as mortgage rates have marched higher in the months since the war between the US and Iran started in late February.
asserted
war → rise → February
Expectations of higher inflation amid surging oil prices have pushed up the long-term bond yields that lenders use as a guide to pricing home loans, driving mortgage rates higher.
The average rate on the benchmark 30-year mortgage hit 7.4% last week, its highest level in nearly three years.
asserted
rate → surge → years
It briefly dipped below 6% before the war started.
asserted
war → dip → %
The sharp rise in mortgage rates, which can add hundreds of dollars a month in costs for borrowers, has led many would-be home shoppers to put their home shopping plans on hold.
However, those who can afford to buy at current rates, or pay all cash, have a much wider selection of homes to choose from than they’ve had in years as properties sit on the market longer.
asserted
properties → add → market
Although home inventory levels remain below historical norms, there were 1.6 million unsold homes at the end of last month — the highest level of unsold inventory on the market since November 2019, NAR said.
asserted
NAR → remain → November
All told, unsold home inventory rose 1.9% last month from August and climbed 4.6% from September last year, NAR said.
asserted
NAR → tell → September
September’s month-end inventory translates to a 4.8-months’ supply at the current sales pace.
asserted
inventory → translate → pace
Traditionally, a 4- to 6-month supply is considered a balanced market between buyers and sellers.
asserted
supply → consider → buyers
The Aporia
