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Existing-Home Sales in U.S. Probably Rose From Six-Month Low

Sales of previously owned U.S. homes probably rose in June from a six-month low as the industry struggled to overcome rising unemployment and foreclosures, economists said before a report today.

Purchases climbed 1.9 percent to a 4.9 million annual rate, according to the median forecast of 71 economists surveyed by Bloomberg News. The pace matches the total sold in 2010 that was the fewest in 13 years.