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U.S. Home Sales Rose to 14-Year High in October

by Bioreports
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Sales of previously owned homes rose to a new 14-year high in October while median home prices again hit new highs.

Existing-home sales rose 4.3% in October from September to a seasonally adjusted annual rate of 6.85 million, the highest level since February 2006, the National Association of Realtors said Thursday. The October sales marked a 26.6% increase from a year earlier.

Economists…

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