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Existing homes sales increased 6.5% in November, while the median price of a home fell 15% from the same month last year, the biggest drop on record, the National Association of Realtors said Monday.

°®¶¹´«Ã½ sales rose to an annual rate of 4.74 million homes, NAR said.

Economists had forecast home resales would fall to an annual rate of 4.4 million, Bloomberg reported.