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US existing home sales in June hit highest level since '07

Low rates attracting first-time buyers into the market

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STRONG SHOWING: The National Association of Realtors said home resales increased 1.1 per cent to an annual rate of 5.57 million units last month.

Washington

US home resales hit their highest level in nearly 91/2 years in June as low interest rates attracted first-time buyers into the market and the number of Americans filing for unemployment benefits fell last week, underscoring the economy's strength.

Although another

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