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Pending US home sales reach 3-year high in March

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WASHINGTON (AP) — The number of Americans who signed contracts to buy homes rose in March to the highest level in three years, pointing to higher sales this spring. The National Association of Realtors said Monday that its seasonally adjusted index for pending home sales rose 1.5 percent to 105.7. That's the highest since April 2010, when a homebuyer's tax credit boosted sales. It's also...

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