• Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors.
• The drop marks the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic.
• Overall, homes went under contract in 21 days in October, up from 19 days in September and 18 days in October 2021, CNBC reported.

Tagged: Biden's America