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Five in Ten 11/22/22: Home Sales Collapse in October

Another indicator of a slowing economy: Existing home sales in the US dropped 28.4% year-over-year in October, the worst level since the subprime mortgage meltdown in 2008.

5) Gas pipeline explosion near St. Petersburg, Russia; 4) Home sales continue to drop in October; 3) Senate votes to end pandemic emergency, but Biden promises to veto bill if it ever passes House; 2) Visitors in Qatar for World Cup find most Christian churches closed and off-limits; 1) Would-be bank robber writes stickup note to teller on the back of his birth certificate.

Category: Daily Update

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