Partly reflecting higher interest rates during much of 2018, the National Association of Realtors released a report on Tuesday showing a much steeper than expected drop in U.S. existing home sales in the month of December.
NAR said existing home sales plummeted by 6.4 percent to an annual rate of 4.99 million in December after jumping by 2.1 percent to a revised rate of 5.33 million in November.
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