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U.S. existing home sales fall; house prices hit record high

Summary by Reuters
WASHINGTON - U.S. home sales fell more than expected in March as house prices hit a record high despite some improvement in supply, and could decline further amid surging mortgage rates. Existing home sales dropped 2.7% to a seasonally adjusted annual rate of 5.77 million units last month, the National Association of Realtors said on Wednesday. The data mostly reflected the closing of

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UPI broke the news in Washington, United States on Wednesday, April 20, 2022.
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