GoKawiilUS existing home sales fall 8.8% in October, slowest pace since 2007
The National Association of Realtors reported that sales of previously occupied U.S. homes slumped in October, down 8.8% from a year earlier and marking the slowest sales pace in more than 16 years. The decline came as mortgage rates climbed sharply during the period, increasing borrowing costs for prospective buyers.