U.S. existing-home sales drop in October to lowest level since 2010

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The numbers: U.S. existing-home sales fell 4.1% in October to a seasonally adjusted annual rate of 3.79 million, the National Association of Realtors said Tuesday. Sales have fallen for five straight months and are now at their lowest level since the summer of 2010. They are down 14.6% from a year ago.

Economists polled by MarketWatch had projected existing-home sales to come in at a 3.9 million rate.


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