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Home sales reach new disappointing milestone as prices increase

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Used homes sales fell in December while sales prices accelerated for the six month in a row, according to the National Association of Realtors.
The used homes market fell in December, while prices shot up, the National Association of Realtors said on Friday.
Sales declined by 1 percent for the month compared to November, which came to a little more than 4 million homes sold. On an annual basis sales declined to « the lowest level in nearly 30 years, » the NAR said, adding that median prices rose by 4.

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