U.S. existing home sales totaled 3.75 million units on an annualized basis in October, declining 5.5% month-over-month against expectations of a 3.5% drop, marking the lowest level since 2010. The figure also undershot the forecasted 3.85 million. Western U.S. regions hit their lowest level since 1999, while the South and Midwest reached their weakest levels in over a decade.

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