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Housing Recovery in Full Swing as U.S. Sales at Eight-Year High

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Home Sales Up, What About Housing Starts?

America’s housing-market recovery is in full swing.

Purchases of previously owned homes climbed 3.2 percent in June to a 5.49 million annualized rate, the strongest since February 2007, the National Association of Realtors said Wednesday. Lean inventory pushed prices to an all-time high and listed properties were snapped up in just 34 days on average, the quickest in four years of record-keeping.