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Us Nov Existing Homes Sales Fall 6.97 Mln

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Dec. 29 (Bloomberg) -- U.S. previously owned home sales declined in November to an eight-month low, leaving the number of homes on the market at the highest level since 1986.

Home sales dropped 1.7 percent to a 6.97 million annual rate, the National Association of Realtors said today in Washington. Purchases have been slowing since they reached a record pace of 7.35 million in June.

``Housing activity has peaked,'' said David Lereah, chief economist at the Realtors group. ``Inventories continue to rise. I see the housing market continuing to soften.''


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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