#U.S. October existing home sales hit a 16-year low

About U.S. October existing home sales hit a 16-year low

U.S. existing home sales in October plunged 5.5% month-over-month to an annualized 3.75 million units, marking the weakest level in 16 years, but the median home price still rose. During the same period, U.S. credit card debt hit a record $1.29 trillion, demand for 30-year Treasury auctions was weak with a winning yield of 5.441%, and the U.S. fiscal deficit reached $404 billion in the first month. Multiple data points suppressed risk appetite. Expectations of tighter macro liquidity conditions may impact crypto assets and the overall liquidity environment.