U.S. existing-home sales drop for fourth time in five months

UNITED STATES existing-home sales decreased for a fourth time in five months despite lower mortgage rates, sustained wage gains and slower home price appreciation. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
UNITED STATES existing-home sales decreased for a fourth time in five months despite lower mortgage rates, sustained wage gains and slower home price appreciation. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
NEW YORK - Sales of previously owned United States homes eased more than forecast in March, suggesting the housing market is still finding its footing after a weak 2018. Contract closings fell to a 5.21 million annual rate, down 4.9 percent from February’s downwardly revised pace, the National Association of Realtors said Monday. The median…

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