"Sales of existing homes fell in August, according to the latest reading on the battered housing market released Wednesday by an industry trade group.
The National Association of Realtors reported that sales by homeowners sank in August to an annual pace of 4.91 million, down 2.2% from the revised July reading of 5.02 million. It was the ninth month in a year in which the sales pace fell.
August sales were down 10.7% from a year earlier."
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Existing home sales fell in August
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