U.S. existing-home sales rebound, but still at depressed level

10/25/2010 | Bloomberg

Existing home sales rose 10% to an annual rate of 4.53 million last month, topping economists' forecasts of 4.3 million, but remained short of healthy levels, according to a report released by the National Association of Realtors. "Even with this improvement, you're still at a remarkably depressed level," an economist said. September sales were down 19% compared with sales during the same period last year.

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