U.S. Existing Home Sales Rise 10% to 4.53 Million Rate

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Oct. 25 (Bloomberg) -- Sales of U.S. existing homes rose more than forecast in September, a sign cheaper borrowing costs are helping stabilize an industry that’s battling the headwinds of foreclosures and joblessness. Purchases increased 10 percent to a 4.53 million annual rate from 4.12 million in August, the National Association of Realtors said today in Washington. Bloomberg's Michael McKee reports. (Source: Bloomberg)

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