Barclays's Gapen on Existing Home Sales, Outlook

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May 22 (Bloomberg) -- Michael Gapen, a senior U.S. economist at Barclays Capital Inc., talks about U.S. existing homes sales data for April and the market outlook. Purchases of previously owned houses, 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. Gapen speaks with Trish Regan on Bloomberg Television's "InBusiness." (Source: Bloomberg)

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