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Thursday, June 20, 2013

Existing home sales up 4.8 percent

The National Association of Realtors,  reported that existing-home sales rose by 4.8% last month compared to April and 12.9% over May of 2012. However the association\'s chief economist observed, \"Home price growth is too fast, and only additional supply from new homebuilding can moderate future price growth.\"Jim Gross

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