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Sales of previously owned homes retreated sharply in March, flashing a warning sign for the spring housing season that is traditionally the most popular time to buy or sell a home.
Existing-home sales fell 5.9% last month from February, slipping to a seasonally adjusted annual rate of 4.02 million, the National Association of Realtors® reported on Thursday.
The March figure was down 2.4% from a year ago, and the slowest March sales pace since 2009, when the subprime mortgage crisis decimated the U.S. housing market. Continue Reading Here…
