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Existing-Home Sales Rebound, But….. Only 0.6%

KEY POINTS
  • After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.
  • Closed sales of existing homes in January increased 0.6% compared with December, according to the National Association of Realtors.
  • There were 1.04 million homes for sale at the end of January, a 26% drop from a year ago

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