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    Economy

    Buyers Push Housing Re-sale to 6 1/2 Year High

    Written by Sandy Williams


    Buyers looking to snag a low mortgage before rates rise too high pushed home re-sales to its highest pace since February 2007.  Existing home sales rose 1.7 percent in August to a seasonally adjusted annual rate of 5.48 million from 5.39 million in July. The increase is likely to be temporary however, said Lawrence Yun, National Association of Realtors chief economist.

     

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