The U.S. housing market has been mired in a slump dating back to 2022
Existing home sales rose 0.8% in November to seasonally adjusted annual rate of 3.82 million
Fourth straight weekly drop for the rate, which a year ago averaged 6.58%
The shortage of homes for sale has kept the market competitive
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Would-be homebuyers across the U.S. are facing perhaps the most competitive market in decades
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