U.S. Existing Home Sales Decline More Than Expected in October
Existing home sales in the United States fell by 5.5% month-over-month in October, reaching a total of 3.750 million units. This decline exceeded market expectations of 3.860 million and represents a significant drop from the previous month's revised figure of 3.970 million. The contraction marks the lowest level of activity for existing home sales since August 2010. The data, released by the National Association of Realtors, suggests continued pressure on the housing market as transaction volumes continue to retreat.
