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October existing home sales +2.0% to 5.48...>

US DATA
US DATA: October existing home sales +2.0% to 5.48 mln saar, ahead of
expectations for 5.39m. 
- Sales were +2.1% for single-family homes and +1.7% for condos. 
- Sales gains were seen in all four regions, with sales in the South +1.9% after
September -1.4%. 
- The supply of homes -3.2% to 1.80 mln, the lowest inventory on record for the
month of October, pulling the months supply down to 3.9 months when combined
with the sales gain. 
- NAR's Yun said that said most of the hurricane-impacted areas saw sales
recovered. All-cash sales represented 20% of the market, with investors 13% of
market, 1st time buyers 32%.
- Yun said the recent tax bill could be "major wild card" for housing growth.

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