U.S. existing home sales tumble in warning sign for housing market

March 21, 2016 2:07 PM

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U.S. existing home sales tumble in warning sign for housing market

WASHINGTON U.S. home resales fell sharply in February in a potentially troubling sign for America's economy which has otherwise looked resilient to the global economic slowdown.

The National Association of Realtors said on Monday existing home sales dropped 7.1 percent to an annual rate of 5.08 million units, the lowest level since November.

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