For the first time after five months of prosperous gains, existing home sales dropped in November. At a seasonally adjusted annualized rate of 6.69 million units, existing home sales dropped 2.5% month to month. But annually, home sales remain 25.8% higher. With home prices up 14.6% annually 和 housing inventory at a 38-year low, affordability has become an even greater barrier for buyers, says CNBC. The National Association of Realtors’ chief economist also points out that job openings have fallen back, impacting consumer confidence. And he also adds there is no reason to be alarmed nor worried about this decline.