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US existing home sales rebound in May as prices rise

06:48 EDT 21 Jun 2017 | Yahoo News

US existing home sales rebound in May as prices riseSales of existing homes rebounded in May after April's surprise dip, and prices edged higher, according to industry figures released Wednesday. The National Association of Realtors said strong demand and inexpensive mortgages were driving up prices at an unsustainable rate. The sales pace beat analyst expectations and was 2.7 percent above the same month last year.


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