Existing home sales unexpectedly plunge in January (Reuters)


A sign sits in the front yard of a home being offered for sale in Pleasant Prairie, Wisconsin in January 2010. US existing-home sales fell to their lowest level in seven months in January, industry data showed Friday, highlighting ongoing woes for a sector that was at the epicenter of the financial crisis.(AFP/Getty Images/File/Scott Olson)Reuters - Sales of previously owned homes in the United States unexpectedly plunged in January, an industry survey showed on Friday, fresh evidence the housing market has yet to find stable ground.


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