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US existing home sales rose 1.1 percent in March (access required)

WASHINGTON — U.S. sales of existing homes increased 1.1 percent on a monthly basis in March, which suggests that buyers are undeterred by the dwindling number of properties available on the market. The National Association of Realtors said Monday that homes sold last month at a seasonally adjusted annual pace of 5.60 million, up from 5.54 ...

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