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Home Sales Seen Rising to Three-Year High: U.S. Economy Preview

Home sales probably increased in July to the highest level in more than three years as growing demand for residential real estate bolsters the expansion, economists said before reports this week.

Combined purchases of existing and new homes climbed to a 5.64 million annualized pace last month, the fastest clip since November 2009, according to the median forecasts of economists in a Bloomberg survey. Another report may show the world’s largest economy is poised to strengthen.