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April 24, 2019

Home sales fall 4.9% in slow start to spring buying season

  • Spring buying is so far running behind last year's healthy gains: Sales were 5.4% below where they were a year earlier.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON (AP) — Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties.

    The National Association of Realtors said this week that home sales fell 4.9% to a seasonally adjusted annual rate of 5.21 million, down from 5.48 million in February. The drop followed an 11.2% gain the previous month, the largest in more than three years.


     
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