Markets & Economy

Existing-home sales post first annual decline in more than 2 years

Higher mortgage rates, constrained inventories and tight credit slowed pace of sales in November
Published on Dec 19, 2013

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by CareyBot

Higher mortgage rates, constrained inventories and tight credit slowed the pace of existing-home sales for the third month in a row in November, producing the first annual decline in sales in more than two years, the National Association of Realtors ...