Existing U.S. home sales, prices drop in January (Reuters)

Property letting and sale signs are seen above shops in south London in this January 13, 2009 file photograph. Lower mortgage repayments for those homeowners whose loans track falling interest rates, and a falling cost of living as retailers compete on price are among factors prompting more than one in five people to say they felt positive in a survey last month by market research firm Mintel.  To match feature FINANCIAL-BRITAIN/STIMULUS         REUTERS/Toby Melville/Files (BRITAIN)Reuters – Sales of previously owned U.S. homes plunged in January, reversing the previous month’s surprise jump, and prices spiraled down to a six-year low as the deep recession and rising joblessness took its toll.

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