Ex­ist­ing home sales fall 3.2% in Oc­to­ber

The Washington Times Daily - - Business - THE ECON­OMY

Fewer Amer­i­cans bought ex­ist­ing homes in Oc­to­ber, as higher mort­gage rates, the 16-day par­tial gov­ern­ment shut­down and a lim­ited sup­ply of homes re­duced sales.

The Na­tional As­so­ci­a­tion of Real­tors says home re­sales fell 3.2 per­cent last month from Septem­ber to a sea­son­ally ad­justed an­nual pace of 5.12 mil­lion. That’s down from a 5.29 mil­lion pace in Au­gust and the slow­est since June.

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