According to U.S. housing data, existing-home sales fell to an annualized 3.75 million units in October, marking the lowest level since 2010. Month-over-month sales declined 5.5%, significantly worse than the expected 3.5% drop.

Regional weakness was pronounced: the West region hit its lowest level since records began in 1999, while the South and Midwest recorded their lowest figures in over a decade.

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