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October 21, 2016

Home sales rebound despite tight supply

By PAUL WISEMAN
AP Economics Writer

WASHINGTON — More Americans bought homes in September, many for the first time, despite a persistent shortage of properties for sale.

The National Association of Realtors said Thursday that sales of existing homes rose 3.2 percent from August to a seasonally adjusted annual rate of 5.47 million, the strongest pace since June. Sales rose across the country: 5.7 percent in the Northeast, 5 percent in the West, 3.9 percent in the Midwest and 0.9 percent in the South.


 
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