Sales of previously owned US homes fell by the most in nearly a year in October, highlighting the toll elevated mortgage rates and still-high prices continue to take on the resale market. Contract closings decreased 4.1% from a month earlier to a 3.79 million annualized pace, still the lowest since 2010, National Association of Realtors data showed Tuesday. The figure was weaker than all but one estimate in a Bloomberg survey of economists. The combination of soaring mortgage rates and stubborn prices has been discouraging buyers and sellers alike. However, with mortgage rates retreating as the Federal Reserve nears ... (full story)