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Sales of existing homes fall for 1st time in 5 months

Share of properties sold to investors hits 5-year low

[WASHINGTON] Purchases of previously owned US homes unexpectedly declined in August for the first time in five months, as investors retreated from the market.

Existing home sales dropped 1.8 per cent to a 5.05 million annual pace, from a revised 5.14 million pace in July, the National...

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