US existing home sales fall 2.7 percent

ABC News: US existing home sales fall 2.7 percent: "Sales of existing U.S. homes slowed in October to a 7.09 million unit pace, but the median price rose 16.6 percent from a year earlier, the largest jump since July 1979, a trade group said on Monday.
Sales of previously owned homes fell 2.7 percent from September's upwardly revised 7.29 million unit pace, the National Association of Realtors said. That figure includes both single-family homes and condominiums.
Sales would have been down 3.2 percent had it not been for strong buying in areas outside the zone affected by Hurricane Katrina, the Realtors' "
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