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Sales of Existing Homes Hit Record as Prices Soar

By JENNIFER BAYOT
Published: May 24, 2005

Sales of existing homes swelled 4.5 percent to a record in April, and prices climbed at the fastest rate in almost 25 years, the National Association of Realtors reported today, defying predictions of a slowdown and adding to some analysts’ concerns that the market is overheating.

[Full Article]

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