Apr
20

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

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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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