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Current-home gross sales elevated by almost 7% between December and January, hitting a seasonally-adjusted, annual charge of 6.5 million, the Nationwide Affiliation of Realtors stated Friday. Economists polled by MarketWatch anticipated the tempo of dwelling gross sales to return in at 6.1 million. In comparison with a yr in the past, gross sales had been down greater than 2%. The stock of properties on the market dropped to a different document low, because the median value for an present dwelling rose by greater than 15% on an annual foundation.
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