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November 24, 2015

Higher prices weigh on homebuyers in October

  • Mortgage rates have started to rise ahead of a December Federal Reserve meeting.
  • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — Fewer Americans bought homes in October, a sign that rising home values may be pushing more would-be buyers to the real estate market's sidelines.

    The National Association of Realtors said Monday that sales of existing homes fell 3.4 percent last month to a seasonally adjusted annual rate of 5.36 million.


     
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