Oct 23, 2019

Existing home sales remain mediocre

Dion Rabouin, author of Markets
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Data: Investing.com; Chart: Axios Visuals

U.S. existing home sales fell 2.2% in September as the housing market continues to tread water with a dearth of properties for sale, especially cheaper homes, and a lack of interested buyers despite historically low mortgage rates.

Why it matters: It's the latest example of the U.S. real estate market's continued struggles.

  • The National Association of Realtors said existing home sales fell to an annual rate of 5.38 million units last month, reversing two straight months of gains and holding in a range well below its highs from the mid-2000s.

Go deeper: Existing home sales disappoint again in April

Go deeper

Trump walks to historic St. John's Church outside White House as protests rage

President Trump walked to the historic St. John’s Episcopal Church, located just steps away from the White House across Lafayette Park, on Monday night as protests linked to the murder of George Floyd raged across the capital and cities around the country.

What we're seeing: Military police and park rangers used physical force and tear gas on peaceful protestors to clear the area so that Trump could "pay respects" to the church that was damaged by a fire on Sunday.

Trump threatens to deploy military amid national unrest

President Trump announced from the White House Rose Garden Monday evening that he is "mobilizing all available federal resources, civilian and military" to stop violent protests across the country, decrying "professional anarchists, looters, criminals, antifa and others" whose actions have "gripped" the nation.

The backdrop: Trump's announcement came as police clashed with protesters just outside of the White House, using tear gas and rubber bullets to disperse crowds chanting, "Hands up, don't shoot," and other slogans. Flash bangs used outside the White House could be heard from the Rose Garden.

Updated 2 hours ago - Politics & Policy

Autopsies say George Floyd's death was homicide

Police watch as demonstrators block a roadway while protesting the death of George Floyd in Miami. Photo: Joe Raedle/Getty Images

Preliminary results from an independent autopsy commissioned by George Floyd's family found that his death in the custody of Minneapolis police officer Derek Chauvin was "homicide caused by asphyxia due to neck and back compression that led to a lack of blood flow to the brain," according to a statement from the family's attorney.

The latest: An updated official autopsy released by the Hennepin County medical examiner also determined that the manner of Floyd's death was "homicide," ruling it was caused by "cardiopulmonary arrest complicating law enforcement subdued, restraint, and neck compression."