Update on Home Sales

WASHINGTON (AP) - Home sales appear to be stabilizing, after several months of declines.

The National Association of Realtors says the number of Americans who signed contracts to buy existing homes in November was essentially unchanged from October.

Higher mortgage rates and strong price gains over the past two years have slowed sales.

Still, home re-sales should reach 5.1 million in 2013, the best total in seven years.


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