Sales of Previously Owned Homes Decline to 11-Month Low

Published: 24/08/2017
Sales of Previously Owned Homes Decline to 11-Month Low
Source: WWW.TTNEWS.COM

An unexpected decline in sales of previously owned U.S. homes last month to the lowest level since August 2016 indicates rising prices and lean inventories are impeding faster growth in the housing market, National Association of Realtors data showed on Aug. 24. The July figure was depressed by weakness in the Midwest and Northeast.

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