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Home Sales Surge in April

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Surprising economic news came out this week: the U.S. Commerce Department reported that home sales surged 16% in April. The seasonally adjusted annual rate of 981,000 home sales far exceeded the 865,000 home pace that had been expected.

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While the buying binge was prompted by a sharp decrease in the average home price (10.9%), this still means good news for the economy. Meaning good news for those looking for new jobs and/or opportunities to finally purchase that dream house!

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Posted in General on May 25th, 2007

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