The housing market has been cooling down, but there’s no need to panic.

U.S. homebuilding rose in October, led by multi-family housing projects. Single-family homebuilding, however, fell for the second month in a row, decreasing 2.6% year-over-year — the largest drop since March 2015.
Meanwhile, existing-home sales increased 1.4% in October from the previous month. But sales are down 5.1% from a year earlier, representing the largest annual decline since 2014.
“Given the rapid increase in home prices over the past few years, and the recent pick-up in mortgage rates, the housing market...












