Existing home sales in US hits 13-year low, prices higher

WASHINGTON D.C.: According to a report from the National Association of Realtors released on Tuesday, existing home sales in the U.S. dropped to their lowest levels in more than 13 years in October.

The report also showed that amid the highest mortgage rates in two decades and a short supply of houses driving buyers from the market, last month's median house price was the highest for any October, and except for