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Miami 1st qtr single-family home sales rise 72 percent

May 14, 2009 @ 12:13 AM |

* Miami 1st qtr single-family home sales rise 72 percent

* Foreign buyers, “rock-bottom prices” drive sales

* City cited as a strong “comeback” market

MIAMI, May 12 (Reuters) - Miami posted big gains in home sales in the first quarter of the year in a tentative sign of recovery in a city hard hit by the recession and the U.S. housing crisis, a local realtors’ group said on Tuesday

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