WASHINGTON, Nov 28: Sales of existing US homes dropped 2.7 per cent in October, suggesting that the sizzling housing market has peaked, the National Association of Realtors said on Monday. Existing home sales fell to a seasonally adjusted annualized rate of 7.09 million from a revised 7.29 million in September. Economists were expecting a smaller decline in October to about 7.20 million.—AFP
