US EXISTING HOME SALES PLUNGE 5.5%, MISS EXPECTATIONS US existing home sales fell 5.5% in October to an annualized 3.75 million units, below the 3.85 million consensus and down from a revised 3.97 million in September, according to the NAR. The median home price rose 0.4% year over year to $416,700, while housing inventory reached 1.59 million units, equivalent to 5.1 months of supply. Housing demand weakened sharply even as prices remained elevated, highlighting continued pressure on the US housing market.(彭博社)