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Existing home sales in September rise to highest level this year
Existing home sales in September rise to highest level this year

The national housing market rebounded in September as home sales rose to their highest level of the year. After dipping in August, sales of previously owned homes climbed 2.4% in September to a seasonally adjusted annual rate of 5.17 million, the National Assn. of Realtors said Tuesday. Analysts polled by FactSet expected an annual rate of 5.1 million. Low mortgage rates, coupled with restrained price increases, boosted sales last month, the Realtors group said. “Traditional buyers are entering a less competitive market with fewer investors searching for available homes,” the trade group’s chief economist, Lawrence Yun, said. They're also discovering falling...

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