US existing home sales fell 5.5% in October to 3.75 million annual transactions, hitting a 16-year low. As Bloomberg reports, citing data from the National Association of Realtors (NAR), the market is under pressure from mortgage rates above 7% and persistently high inflation. At the same time, the median sales price increased by 0.4% year-on-year, to 416.7 thousand dollars, and the supply in the market increased by 4.6% and reached 1.59 million objects.