The US housing market could be close to bottoming out as existing home sales plunge to their lowest level since 2010, National Association of Realtors says

• The housing market could be close to bottoming as existing home sales are continuing to fall, National Association of Realtors said.
• Monthly existing home sales slipped another 0.7% in January, bringing sales to their lowest level since 2010.
• "Homes sitting on the market for more than 60 days can be purchased for around 10% less than the original list price."

The US housing market could be close to bottoming out, as existing home sales have the lowest level since 2010, according to data from the National Association of Realtors.