Existing-home sales and prices climb

03/21/2013 | Reuters

The U.S. housing market continued to exhibit strength with a 0.8% increase in February sales of existing homes while the median sale price rose 11.6% from a year before. National Association of Realtors also reports that homes are selling faster. The average home sat on the market for only 74 days in February, down from 97 days a year ago.

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