CHICAGO, Dec. 22 (UPI) -- Sales of existing homes slid 6 percent in November in the United States, a drop analysts blamed on a smaller inventory of houses for sale and tight credit in the mortgage market.
The National Association of Realtors reported that the seasonally adjusted annual rate of sales in November was 4.93 million. That was a drop of 6.1 percent from the 5.25 million in October.