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Home sales on the rise

<strong>WASHINGTON.</strong> Home sales probably increased in August, a sign the U.S. real estate market is stabilizing after the expiration of a tax credit caused demand to plunge, economists said before reports this week.

WASHINGTON. Home sales probably increased in August, a sign the U.S. real estate market is stabilizing after the expiration of a tax credit caused demand to plunge, economists said before reports this week.


Purchases of new and previously owned homes rose 7 percent, according to the median forecast in a Bloomberg News survey. A separate report may show orders for long-lasting goods, excluding transportation equipment, rebounded last month.

 
 
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