Investor Central

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Tuesday, October 22, 2013

Sales of Previously Owned U.S. Homes Fall in September

Nationwide sales of previously owned homes fell for the first time in three months this past September reaching a drop of 1.9 percent, according to a recent report from the National Association of Realtors. It has been noted that would-be buyers were discouraged by rising prices and mortgage rates after an almost four-year high in previously owned home sales. The rise in home prices climbed 11.7 percent, pushing housing affordability to an almost five-year low.

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