Existing-Home Sales Rise 4.3%

More positive news regarding the housing market. Sales of previously occupied homes in the U.S. rose last month and the inventory of unsold homes contracted to a level considered healthy by economists.
Existing home sales increased 4.3% from a month earlier to a seasonally adjusted annual rate of 4.57 million, the National Association of Realtors said.
“The housing market is genuinely improving,” said Lawrence Yun, the trade group’s chief economist.
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