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Sales of U.S. Existing Homes Rise Less Than Forecast

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Published on Mar 23, 2012

Dec. 22 (Bloomberg) -- Sales of existing homes in the U.S. rose 5.6 percent in November, less than forecast, as the industry that triggered the worst U.S. recession in seven decades struggled to recover after a government tax credit lapsed. Purchases increased to a 4.68 million annual rate, the National Association of Realtors said. Bloomberg's Michael McKee reports. (Source: Bloomberg)

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