October Home Sales Dip after Strong September
Existing home sales fell 3.4 percent in October to a seasonally adjusted rate of 5.36 million, according to the National Association of Realtors (NAR), down from a rate of 5.55 million in September. Existing home sales are now 3.9 percent higher than the year ago level. Total housing inventory fell 2.3 percent to 2.14 million