U.S. existing-home sales fall as supply drops to record low

HOME SALES ENDED 2017 on a sour note, as sales fell for the first time in four months and supply of homes for sale fell to a record low. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
HOME SALES ENDED 2017 on a sour note, as sales fell for the first time in four months and supply of homes for sale fell to a record low. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
WASHINGTON – Sales of previously-owned U.S. homes fell in December for the first time in four months, as the market struggles with record-low supply and rising prices, figures from the National Association of Realtors showed Wednesday. Contract closings declined 3.6 percent month over month to a 5.6 million annual rate after 5.8 million sales in November. Median…

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