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April 23, 2014

Existing home sales slip to 20-month low

  • Rising prices and a tight supply of available homes discouraged many would-be buyers
    • By CHRISTOPHER S. RUGABER
    AP Economics Writer

    WASHINGTON — Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

    The National Association of Realtors said Tuesday that sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59 million. It was the seventh drop in the past eight months.


     
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