By  on September 25, 2009

An unexpected dip in home sales broke a promising four-month trend in a vital sector of the economy, depressing markets and helping to push retail stocks down 0.7 percent Thursday.

August sales of existing homes fell 2.7 percent from July to a seasonally adjusted annual rate of 5.1 million units, according to the National Association of Realtors. Sales had risen 15.2 percent during the preceding four months.

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