Affordability cited as factor as U.S. existing-home sales decline


Existing-home sales decreased 7.2% between January and February, falling to a seasonally-adjusted, annual rate of 6.02 million, the National Association of Realtors said Friday. Compared to a year ago, sales were down more than 2%. Economists polled by MarketWatch had projected existing-home sales to come in at 6.13 million.

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