Existing home sales soared in September as pandemic prompts buyers to gobble up detached homes with large yards

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Sales of existing U.S. homes soared 9.4% in September, up nearly 21% from one year ago, the National Association of Realtors reported Thursday, as the pandemic has prompted Americans to opt for detached homes with large yards over living in crowded urban areas.

September marks the fourth consecutive month that existing home sales have increased this year.

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