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U.S. home sales up in April, inventories swell

May 28, 2009 @ 2:50 AM |

By Lucia Mutikani

WASHINGTON (Reuters) - Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing new evidence the housing market is stabilizing and backing views that the recession is nearing an end.

The National Association of Realtors said sales climbed 2.9 percent to an annual rate of 4.68 million as the traditional spring home-buying season swung into gear.

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