Sales of previously occupied US homes fell in October for the ninth month in a row, as prospective homebuyers grappled with sharply higher mortgage rates, elevated home prices and fewer properties on the market.Existing home sales fell 5.9 percent last month from September to a seasonally adjusted annual rate of 4.43 million, the National Association of Realtors said on Friday.October sales fell 28.4 percent from a year ago, and are now at the slowest annual pace since December 2011, excluding the steep slowdown in sales that occurred in May 2020 near the start of the pandemic.
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