Sales of Existing Homes in U.S. Rise as Market Stabilizes
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Sales of existing U.S. homes rose in April, driven by broad-based gains in demand that signal the market is stabilizing.
Purchases, tabulated when a contract closes, increased 3.4 percent to a 4.62 million annual rate, figures from the National Association of Realtors showed today in Washington. The median price jumped by the most in six years.