US existing homes sales dropped in March

Note: This section contains information in English only.
Source: Bloomberg
Sales of US existing homes unexpectedly declined in March, the third time during last four months, indicating disproportionate recovery in the property market. previously owned home purchases fell 2.6% to a annual 4.48 million compared to annual 4.6 million rate in February. Economists questioned by Bloomberg predicted an increase to 4.61 million. Nevertheless housing market follows upward trend in last 9 months, claimed Steven Wood Insight Economic's president. 
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