U.S. Existing Home Sales Dip in October WASHINGTON (Reuters) - Sales of existing U.S. homes fell by a less-than-expected 0.1 percent in October as low mortgage rates offered support to buyers, a trade association report showed on Tuesday. Sales of previously owned homes fell to a seasonally adjusted annual rate of 6.75 million units last month from an upwardly revised 6.76 million unit pace in September, the National Association of Realtors said. Analysts had been expecting a drop to a 6.70 million unit rate from an originally reported 6.75 million rate. Prices for U.S. government bonds were little changed after the report, but the dollar initially slipped a bit against the euro. The report showed the housing market remained solid, said Gary Thayer, chief economist at A.G. Edwards & Sons in St. Louis. "The decline in mortgage rates we saw this summer continues to support housing activity," he said. "It generally looks like a good report." The national median home price rose 8.8 percent from the same month a year earlier to $187,000, the NAR report showed. Inventories grew, with the supply of homes available for sale at the current pace rising to 4.3 months' worth from 4.2 months in September. Quelle "U.S. Existing Home Sales Dip in October" : reuters.com Main page for "U.S. Existing Home Sales Dip in October"