Washington -- Sales of existing homes fell in October after two months of gains, the National Association of Realtors said Tuesday.
Sales of single-family homes, including co-ops, condominiums and townhouses, dropped 2.2 percent to an annual rate of 4.43 million units per year from a 4.53 million annual figure for September.
The jump in sales came in lower than the consensus forecast, which called for a 1.1 percent sales decrease.
NAR Chief Economist Lawrence Yun said the industry is experiencing "an uneven recovery."
In addition, a "temporary foreclosure stoppage in some states" triggered by increased challenges in court over paperwork procedures had put a drag on the market, he said.