Existing home sales in October rose in two of four U.S. regions, with the Midwest up 5.3% and the South up 0.5%. The Northeast saw no change, while the West declined 1.3%. Total homes for sale increased slightly from last year, offering more options for buyers. Mortgage rates averaged 6.24%, down from 6.78% a year ago, encouraging potential buyers amid seasonal price drops and improved inventory.
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