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U.S. Existing-Home Sales Slip Amid Higher Prices
The National Association of Realtors reported a 3.4 percent drop in October existing home sales to a seasonally adjusted annual rate of 5.36 million. Prices rose 5.8 percent year over year to a median of 219 600 as listings declined 4 5 percent, signaling a market treading water despite good job growth and low mortgage rates.
MENTIONED IN THIS ARTICLE
Washington, D.C
National Association of Realtors
Sal Guatieri
BMO Capital Markets