Investing.com - U.S. existing home sales fell more than expected in October, but remained in territory consistent with a healthy housing market.
The National Association of Realtors said home resales fell 3.4% to an annual rate of 5.36 million units from 5.55 million in September.
Analysts had expected home resales to fall 2.3% to 5.40 million units.
A sales cooldown in October was likely given the pullback in contract signings in recent months, Lawrence Yun, NAR chief economist said.
The mixed signals of slowing economic growth and financial market volatility hit demand and contributed to declining sales, he added.