U.S. existing-home sales rebounded from the previous month, rising 4.2%
to a seasonally adjusted annual rate of 4.26 million units, according to the
National Association of REALTORS® (NAR). Economists polled by Reuters
had forecast sales would fall to a rate of 3.95 million for the month.
Purchase activity increased in the South and the West but decreased in the
Northeast, while sales in the Midwest remained unchanged from one month earlier.
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