Existing sales fall in October in the United States

Existing home sales in the United States fell by 3.4% in October to a seasonally adjusted annual rate of 5.36 million from 5.55 million in September, the latest data shows. All four major regions of the country saw no gains in sales. However, despite the decline sales are still 3.9% above a year ago at 5.16 million, the figures from the National Association of Realtors also show. According to Lawrence Yun, NAR chief economist, the sales cooldown in October was likely given the pullback in contra...