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The Independent UK
The Independent UK
National
Alex Veiga

January home sales fall as high mortgage rates, prices freeze out would-be buyers

United States

Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market.

Sales fell 4.9% last month from December to a seasonally adjusted annual rate of 4.08 million units, the National Association of Realtors said Friday.

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