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NAR: Existing-home sales slip nationally, rise almost 5 percent for Northeast

Sep 23, 2014
After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market, according to the National Association of REALTORS (NAR). 

Total existing-home sales, which include single-family townhomes, condominiums and co-ops, fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August. August closings were 5.3 percent below the 5.33 million-unit pace of August 2013.

In the Northeast, existing-home sales rose 4.7 percent to an annual rate of 670,000, but remain 4.3 percent below a year ago. 

To read the entire NAR press release, click here.
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