WASHINGTON — Sales of existing U.S. homes in November declined for the first time in six months, falling 2.5 percent to a seasonally adjusted annualized rate of 6.69 million units according to the National Association of Realtors. That drop was greater than the 1 percent decline projected by economists in a Reuters poll. Compared to last November, sales were up 25.8 percent. High demand and increasingly tight supply have combined to drive the median price up by more than 14 percent.
U.S. home resales see first decline in six months
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