October home sales hit lowest since 2010, down 5.5% month over month
FROM THE WIRE · WSJ.COM
Sales of existing homes declined 5.5% from the previous month, dropping the level of sales to the lowest point since the subprime crisis period.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRecord-low existing home sales signal persistent weakness in the housing sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Existing home sales fell 5.5% from the previous month.
- 02The level is the lowest since the subprime crisis period.
- 03The market has hovered near rock bottom for over four years.