By Paul Wiseman, Associated Press
Posted: 11/20/13, 7:26 AM PST |
WASHINGTON — Fewer Americans bought existing homes in October, as higher mortgage rates, the 16-day partial government shutdown and a limited supply of homes reduced sales.
The National Association of Realtors says home re-sales fell 3.2 percent last month from September to a seasonally adjusted annual pace of 5.12 million. That’s down from a 5.29 million pace in August and the slowest since June.
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