Existing Home Sales Drop Amid Rising Prices, Low Supply
Existing Home Sales Drop Amid Rising Prices, Low Supply

Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November.

It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally.

According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million.