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March 25, 2019

Existing-home sales jumped 11.8 percent in February

By JOSH BOAK
AP Economics Writer

WASHINGTON — U.S. home sales soared 11.8 percent in February, aided by accelerating wages and falling mortgage rates that are improving affordability.

The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively sharp rebound from a pace of 4.94 million in January.


 
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