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Pending Sales of Existing Homes Climb to Nine-Year High

2015-06-29 21:19:40| Real Estate - Topix.net

Contracts to purchase previously owned U.S. homes rose in May to a nine-year high, indicating recent strength in the real estate industry will be sustained. The pending home sales index increased 0.9% to 112.6, the highest since April 2006, after a revised 2.7% advance in the previous month, the National Association of Realtors said June 29 in Washington.

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