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LATEST US DATA

Existing home sales for Nov hit six-month low of 4.9m units

With supply declining, house price gains remain elevated, though the pace of increase is slowing

Washington

HOME resales in the US tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery.

The National Association of Realtors said on Monday that existing home sales fell 6.1 per cent to