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

Homes under contract plunged 10.5% in October, the biggest annual decline in nearly three years, as elevated mortgage rates pushed buyers to the sidelines.

[Source Photo: Getty Images]

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........

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