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U.S.'s home resales disappoint

U.S.'s home resales fell more and disappointed, following the gains during the last four months, thus limiting the choice that buyers have due to the lack of inventory. Despite the recent rises in the housing market, the current status concerns the nation.

U.S.'s mortgage rates and wages upper

While the mortgage rates and the wages are being pushed up upon a more tightened labor market, the drop in sales is expected to be a temporary one, the National Association of Realtors reported today.

The annual rate for the existing home sales reached the 5.39 million units, having declined 3.2%, following the 5.3% appreciation of median house prices compared to the previous year, the NAR stated.

According to Naroff Economic Advisors' chief economist, Joel Naroff, people are finding difficulties when searching for a home due to the limited choice that they have.

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Thursday, 25 Aug, 2016 / 6:50

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