• C.A.R.’s report also showed that sales of existing, single-family homes declined 3.5 percent and 19.6 percent month-over-month and year-over-year, respectively. C.A.R President Beth L. Peerce says "October’s home sales figures reflect the seasonal decline in sales that typically occurs this time of year. Additionally, persistent worries about the economy and job security are affecting home sales, despite low mortgage rates and strong affordability."

• C.A.R.’s Unsold Inventory Index for existing, single-family detached homes increased slightly to 6.5 months in October from 6.1 months in September. The index was 4.2 months in October 2009. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.