Financial Times FT.com

US subprime crisis hits house sales

By Eoin Callan in Washington

Published: May 25 2007 18:02 | Last updated: May 25 2007 18:02

The crisis in the high-risk mortgage market made it harder for Americans to sell their homes last month, according to real estate agents.

Sales of existing homes fell to their lowest level in three years with a drop of 2.6 per cent in April, data from the National Association of Realtors indicated on Friday.

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