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US Home Sales, Prices Rise

The number of existing homes sold in the United States rose 1.2 percent in February, a modest increase over the previous month. Monday's report from the National Association of Realtors also said home prices climbed 4.7 percent from the same period a year ago. If homes continued selling at this pace for a full year, 4.88 million houses would change hands. Economists watch home sales closely because severe problems in the housing sector played a key role in the financial...

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