Housing Economy
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Spain Stages First General Strike in 14 Years Over Housing Costs Ahead of November 29 Snap Elections
On November 11, 2026, CCOO and UGT led a 24-hour nationwide general strike across Spain, disrupting transport, industry and commerce in Madrid and Barcelona to demand action on wages, rents and housing access. The strike follows rents that have nearly doubled in a decade, a high-profile eviction, and Prime Minister Pedro Sánchez's failed housing reform package, which prompted him to call snap elections for November 29. The mobilisation is likely to push housing affordability to the centre of the final campaign weeks and to pressure whichever government emerges on rent regulation and wage policy, with the right-wing opposition currently leading polls.
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U.S. Existing-Home Sales Fall to Lowest Level Since August 2010 as Mortgage Rates Stay Above 7 Percent
The National Association of Realtors reported that U.S. existing-home sales fell 5.5 percent month-over-month in October to a seasonally adjusted annual rate of 3.75 million units, the lowest since August 2010. The decline is driven by mortgage rates persisting above 7 percent and elevated home prices that continue to sideline buyers across most U.S. regions, with inventory rising to 5.1 months of supply, the highest since November 2015. Analysts project 2026 full-year sales could reach their lowest level since 1995 unless mortgage rates decline and unlock pent-up demand.
Spain Stages First General Strike in 14 Years Over Housing Costs Ahead of November 29 Snap Elections
On November 11, 2026, CCOO and UGT led a 24-hour nationwide general strike across Spain, disrupting transport, industry and commerce in Madrid and Barcelona to demand action on wages, rents and housing access. The strike follows rents that have nearly doubled in a decade, a high-profile eviction, and Prime Minister Pedro Sánchez's failed housing reform package, which prompted him to call snap elections for November 29. The mobilisation is likely to push housing affordability to the centre of the final campaign weeks and to pressure whichever government emerges on rent regulation and wage policy, with the right-wing opposition currently leading polls.