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U.S. sales of existing homes drops 7.1 percent in February

2016-03-21 23:21:10| Real Estate - Topix.net

Americans retreated from home-buying in February, reversing months of prior gains as low inventories push up prices to levels that restrict sales. The National Association of Realtors said Monday that sales of existing homes fell 7.1 percent last month to a seasonally adjusted annual rate of 5.08 million.

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