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Sales of existing U.S. homes unexpectedly increase

Posted on 22 November 2011

Sal GuatieriSales of previously owned homes in the U.S. unexpectedly rose in October, a sign falling prices may be attracting buyers. Purchases increased 1.4 percent to a 4.97 million annual rate, the National Association of Realtors said today in Washington. The median forecast of 75 economists surveyed by Bloomberg News was for a 4.8 million rate.
The median house price dropped 4.7 percent from a year earlier, and the number of properties for sale was the lowest for any October since 2005………………………………………..Full Article: Source


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