Sales of Previously Owned U.S. Homes Drop as Investors Retreat

Purchases of previously owned U.S. homes unexpectedly declined in August for the first time in five months as investors retreated from the market. Existing home sales dropped 1.8 percent to a 5.05 million annual pace, from a revised 5.14 million pace in July, the National Association of Realtors…

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Sales of Previously Owned U.S. Homes Drop as Investors Retreat

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