Home sales fall in November

Posted on: 1:54 pm, December 19, 2013, by and

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Home sales fell in November for the third straight month.

Indicating that higher mortgage rates are halting the housing recovery.

A new report from the National Association of Realtors showed that sales of previously owned-homes slipped one-point-two percent to a rate of 4.9 million homes sold.

Analysts say besides mortgage rates, tight supply of homes for sale and tight credit are other factors contributing to slowing sales.