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Home sales surged in May to the highest level since December
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Home sales surged in May to the highest level since December

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Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.

Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in April. Existing home sales in May rose 3.2% from April to a seasonally adjusted, annualized rate of 4.17 million units, according to the... [1979 chars]

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Source: CNBC

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