Hot off the wire..
Existing Home Sales Decline in October.
Home Sales in the Northeast Decline 7.4% compared to last month (seasonally adjusted). The unadjusted fall in the Northeast was 10.6% vs last month, and 1.1% versus last year.
Existing Home Sales were expected to come in anywhere from 7.20M to 7.30M, but instead dropped significantly to 7.09M.
Nationally, the months supply increased from 4.6 in September to 4.9 in October, a whopping 14.0% percent from last year.
More to Follow.