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