U.S. ECONOMY Home sales slow

Sales of existing U. S. homes slowed in October and the inventory of unsold houses rose to the highest level in nearly 20 years, a trade group said yesterday in a report confirming the end of the U. S. housing boom. Sales of previously owned homes fell 2.7 per cent from September’s upwardly revised 7.29 million unit annual pace, the National Association of Realtors said.