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Rates pinch: Sales of existing U.S. homes fell 6.2 percent in April, the National Association of Realtors said, as the housing market showed signs of slowing in the face of higher interest rates. The private Realtors’ group said sales in April fell to an annual rate of 4.88 million units from a sharply revised 5.2 million in March. The revised March figure was a monthly increase of 9.2 percent, up from 1.5 percent reported previously.
