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05.04 - 14:37
U.S. Existing-Home Sales Fell 7.2% in February
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Sales of previously owned homes declined in February as rising mortgage-interest rates and a shortage of homes for sale made it difficult for buyers to compete.
Existing-home sales fell 7.2%% in February from the prior month to a seasonally adjusted annual rate of 6.02 million, the National Association of Realtors said Friday. February sales fell 2.4% from a year earlier.
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