According to the National Association of Realtors, sales of previously owned homes fell 3.2 percent in October. The drop marks the second consecutive month of slowed sales numbers. Lawrence Yun, NAR’s chief economist, said a flattening trend is expected. According to Yun, low inventory is holding back sales while, at the same time, pushing home prices up. And though inventory fell just 1.8 percent from the month before, the national median existing-home price was $199,500 in October, up 12.8 percent from last year. There have now been eleven consecutive months of double-digit year-over-year increases in median home price. Still, home sales were up from last year in the Midwest, South, and Northeast. The West, where constrained inventory has held back the sales pace, was flat as compared to one year ago. More here.