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US Home Sales Hit 5.39M In July, Highest Since '09

wochit news
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August 21, 2013 AT 7:31 AM
U.S. sales of previously occupied homes surged in July to a seasonally adjusted annual rate of 5.39 million, approaching a healthy level for the first time since November 2009. The spike in sales shows housing remains a driving force for the economy even as mortgage rates rise.