Home sales fell in October to their lowest level on record, declining at a faster rate than during the 2008 housing collapse, new figures show.The Pending Home Sales Index from the National Association of Realtors (NAR) found transactions slumped 1.5 percent in a month. Over the year it means sales dropped 8.5 percent.It brought the NAR's index down to 71.4 out of 100 - its lowest figure since it began in 2001. An index of 100 indicates it is equal to the level of activity at the start of the millenium.
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