The U.S. housing market just flashed a major warning sign. Here’s what the latest numbers reveal

The number of new real estate listings is down, but that isn’t cause for alarm—not yet, anyway. In a new housing report for the month of October, Realtor.com found that sellers aren’t eager to list homes right now, but they’re not bailing out of the market altogether either. That said, the number of homes under contract in October dropped by 10.5% compared to one year prior, the biggest decline since late 2023. “The market is cooling on both sides, but in different ways. Buyers are steppin...