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Home sales up

Daniel Gutierrez

Home sales up

CREATED Nov. 20, 2012

U.S. sales of previously occupied homes rose solidly in October. Sales were helped by improvement in the job market, and record-low mortgage rates.

The increase along with a jump in homebuilder confidence suggests the housing market is recovering. The National Association of Realtors this week, said that October sales rose 2.1 percent, to an annual rate of 4.79 million. That's up from 4.69 million in September, which was revised lower.

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