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US existing home sales plunge 17.8% in April

(WSAZ)
Published: May. 21, 2020 at 10:43 AM CDT
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Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011. The sales drop was the largest one-month decline since a 22.5% fall in July 2010. That tail-off was preceded by the end a congressionally approved tax credit intended pull the housing market out of the 2006 collapse.

AP-WF-05-21-20 1507GMT

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