U.S. Existing Home Sales Fall to 16-Year Low in October
Sales fell 5.5% from September to a seasonally adjusted annual rate of 3.75 million, down 8.8% from a year earlier, according to Realtor.com.
1420 ET - Existing home sales suffered a historic setback in October, Realtor.com says. Existing-home sales plunged to a seasonally adjusted annual rate of 3.75 million, down 5.5% from September's downwardly revised pace of 3.97 million, and 8.8% from a year ago, according to the latest data from t…