US homes sales tumble but partly due to change in time frames rather than demand

Existing home sales in the United States fell considerably in November to the slowest pace in 19 months, according to the latest monthly report from the National Association of Realtors. However, some of the decrease was likely because of an apparent rise in closing time frames that may have pushed some transactions into December, the report says. It shows that all four major regions saw sales declines in November with total existing home sales down 10.5% to a seasonally adjusted annual rate of ...