August home resales in unexpected fall
July's sales pace is revised to 5.38m units from previously reported 5.39m
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Washington
US home resales unexpectedly fell in August, crimped by a shortage of inventory that is boosting home prices faster than the pace of wage growth.
The National Association of Realtors (NAR) said on Thursday existing home sales declined 0.9 per cent to an annual rate of 5.33 million units.
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