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Mortgage hikes slow sales in August 1999
Existing home sales dipped 2.8 percent in August to a 5.25 million annual rate, the second straight monthly decline after a June peak. The National Association of Realtors cited higher mortgage rates and summer travel as factors, while predicting another yearly record in 1999.
MENTIONED IN THIS ARTICLE
Ashington
National Association of Realtors
Clifford Waldman
Waldman Associates
Arlington, Va
The
Association
Sharon Millett
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