U.S. home sales shoot up to 10-year high

Washington • Americans purchased homes in March at the fastest pace in over a decade, a strong start to the traditional spring buying season. Sales of existing homes climbed 4.4 percent last month to a seasonally adjusted annual rate of 5.71 million, the National Association of Realtors said Friday. This was the fastest sales rate since February 2007. The U.S. housing market faces something of a split personality: A stable economy has intensified demand from would-be buyers, but the number of pr...

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