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U.S. Existing Home Sales Decline in February

M. Ali 22 March, 2021 7:39 pm Market Update

Existing home sales in the United States declined in February by 6.6% to a seasonally adjusted annual rate of 6.22 million units, data by the National Association of Realtors (NAR) showed on Monday.

Home resales increased by 9.1% compared with its level in the same period last year.

The decline was attributed to the bad weather conditions, with strong winter storms affecting Texas and the South.

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