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Existing-home sales climb in December, but are down for year
Existing-home sales climb in December, but are down for year

Americans purchased more previously owned homes in December, but the increase was less than Wall Street expected. Existing-home sales climbed 2.4% from November to a seasonally adjusted annual rate of 5.04 million, the National Assn. of Realtors said Friday. Analysts predicted sales to rise to 5.05 million, according to FactSet. The housing market softened last year after home prices soared far faster than incomes in 2013.  Many families, as well as investors, bowed out of the market as a result, sending sales in 2014 down 3.1% from a year earlier. The upcoming spring buying season should provide insight into whether recent solid job growth and falling mortgage rates are enough to...

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