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AllSides - Balanced News
AllSides - Balanced News
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Existing home sales fall most in over a year
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Existing home sales fall most in over a year

Existing home sales fell in March by the most in over a year as mortgage rates lurched upward amid higher inflation readings. Existing home sales in March fell 4.3% to a seasonally adjusted annual rate of 4.19 million‚ the National Association of Realtors reported on Thursday‚ as higher mortgage rates priced out many would-be buyers and led many homeowners to avoid selling and having to reenter the home loan market. The rate of...
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