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The housing market continues to face headwinds and new challenges.
The spring housing market’s showing significant signs of strain. Existing home sales in April dropped to levels not seen for that month since 2009. Sales fell 0.5% from March to a seasonally adjusted annual rate of 4 million units, according to the National Association of Realtors (NAR). That’s a 2% decrease compared to April of last year, falling short of economists’ expectations of a 2.7%
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