YOUR BUSINESS AUTHORITY
Springfield, MO
U.S. home sales dropped to a 16-year low in October.
Existing home sales were 3.75 million, an 8.8% drop from a year earlier.
"It was a punch in the gut," said Joel Berner, senior economist at Realtor.com, according to NPR. "We expected to see a soft month but not the softest month since 2010."
Read more from NPR.
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