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Home Sales Fell in March as Mortgage Rates Weighed on Market

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Sales of previously owned homes fell in March from the prior month as higher mortgage rates slowed buying activity

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U.S. existing home sales, which make up most of the housing market, fell 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors said Thursday. March sales fell 22% from a year earlier.

 

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