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International Business Times
International Business Times
Business
AFP News

US Home Sales Edge Up In November But Still Gloomy

US existing home sales rose in November but analysts say mortgage rates need to fall more for a sustainable recovery to begin (Credit: AFP)

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

Existing home sales rose 0.8 percent to an annual rate of 3.82 million, seasonally adjusted, said the National Association of Realtors (NAR) in a statement.

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