WASHINGTON — Home-buying slumped in November, with many Americans priced out of the market by rising prices and a shortage of sales listings.
The National Association of Realtors said Monday that sales of existing homes fell 1.7% last month to a seasonally adjusted annual rate of 5.35 million. Would-be buyers face supply constraints: The number of properties for sale has dwindled 5.7% from a year ago to 1.64 million units.
