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U.S. Home Sales Post Record 10th Straight Month of Declines
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U.S. existing-home sales slid in November for a 10th straight month, extending a record streak of declines as high mortgage rates and home prices pushed many buyers out of the market.
Sales of previously owned homes declined 7.7% in November from the prior month to a seasonally adjusted annual rate of 4.09 million, the weakest rate since May 2020, the National Association of Realtors said Wednesday. November sales fell 35.4% from a year earlier. The streak of declines is the longest on record in data going back to 1999, NAR said.
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Economy Week Ahead: U.S. Retail Sales, Home Sales and Inflation Abroad in Focus wsj.com /1 year ago
Economy Week Ahead: U.S. Retail Sales, Home Sales and Inflation Abroad in Focus wsj.com /1 year ago
Economy Week Ahead: U.S. Retail Sales, Home Sales and Inflation Abroad in Focus wsj.com /1 year ago
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