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LATEST US DATA

Existing home sales hit nine-month low in January

Purchases slow 4.9% to a 4.82m annualised rate, the least since April

Washington

SALES of previously owned US homes fell more than expected in January as a tight supply forced up prices, showing the residential real-estate market faces an uneven recovery.

Purchases slowed 4.9 per cent to a 4.82 million annualised rate, the least since April, after a...

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