Pursuits
Sales of Existing U.S. Homes Fall From Second-Highest Since 2007
Why U.S. Existing Home Sales Retreated in October
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Sales of previously owned U.S. homes retreated in October from the second-highest level since 2007 as lean inventory limited momentum in residential real estate.
Closings, which usually take place a month or two after a contract is signed, dropped 3.4 percent to a 5.36 million annual rate, the National Association of Realtors reported Monday. Prices increased compared with October 2014 as the number of dwellings on the market decreased.