Existing-Home Sales Fall for Second Straight Month

September 22, 2016 2:05 PM

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Existing-Home Sales Fall for Second Straight Month

Sales of previously owned homes fell 0.9% in August

WASHINGTON—Americans reduced home buying for the second straight month in August, suggesting the housing market might be stumbling due to a run-up in prices, an inventory shortage and persistent doubts about the economy’s strength.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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