U.S. real estate prices rise, sales slip Premium Content

Interests rates to blame for sliding sales, says Realtor economist

Inman News®

The rate of existing-home sales in November – including single-family, townhomes, condominiums and co-ops – fell 1.7 percent from October 2005 and slid 0.1 percent below the rate in November 2004, the National Association of Realtors trade group reported today.

This seasonally adjusted sales rate stood at 6.97 million units in November, compared to 7.09 in October.

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