U.S. Home Sales Plummet In November

Home sales took a sharp dive in the month of November.

The National Association of Realtors says sales of existing homes fell 10.5 percent, the weakest pace in 19 months.

Experts cite rising prices that are creating affordability pressures, and new regulations that are delaying closings.

The U.S. median home sales price was $220,300 in November.