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US existing home sales, prices rise in April

Tue May 22, 2012 on Blog



US existing home sales, prices rise in April (via AFP)

US existing home sales increased in April and home prices continued to rise, an industry group said Tuesday in a report signaling recovery under way in the distressed housing market. Sales of previously occupied homes rose 3.4 percent to an annual rate of 4.62 million in April, and were 10 percent…