Existing-home sales drop nationwide in October

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Sales of existing homes fell nationwide to an annual rate of 7.09 million in October, a decline from the September rate of 7.29 million, according to a report released Monday by the National Association of Realtors. The decline marks the first time since March that a succeeding month did not see an increase in the sales pace. more [CNN/Money] and more [NYT] and more [Post]