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NAR Existing-Home Sales Report Shows 8.4% Decrease in January
Existing-home sales decreased by 8.4% in January, according to the National Association of REALTORS® Existing-Home Sales Report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory. Month-over-month and year-over-year sales fell in all regions. "The decrease in sales is disappointing. The below-normal temperatures and above-normal precipitation this January make it harder than usual to assess the underlying driver of the decrease and determine if this month’s numbers are an aberration,” said NAR Chief Economist Dr. ... (full story)
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