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Investors paying in cash withdrew from the market in August causing existing-home sales to slip according to the NAR. Northeast and Midwest sales increases could not sustain the heavy declines in the South and West. Total existing-home sales decreased 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August from a slight

Existing-Home Sales increased in July, marking the highest annual pace of the year. Sales rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million in July from a 5.03 million in June. Although sales are at their highest and have been rising for the past four consecutive months, the stats still remain below

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