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20

Purchases of U.S. Previously Owned Homes Rebounded in March

By Tony Seruga

Purchases of previously owned U.S. homes rose more than projected in March, indicating resilience in demand heading into the spring selling season.

Contract closings climbed 5.1 percent to a 5.33 million annualized rate from February’s 5.07 million, figures from the National Association of Realtors showed Wednesday in Washington. The median forecast of 75 economists in a Bloomberg survey called for a rise to 5.28 million. Prices rose as inventories remained tight…

Purchases of U.S. Previously Owned Homes Rebounded in March

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