BREAKING NEWS: U.S. Existing Home Sales Rise More Than Expected in January

Existing home sales rose 4.3% in January to an annual rate of 4.57 million units, the highest rate since May 2010. Economists had been expecting a 1.9% increase to an annual rate of 4.65 million units. However, sales in December were revised significantly lower to a rate of 4.38 million units from 4.61 million.

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