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Sales of existing homes increase for third consecutive month

By Jay Heflin
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Sales of existing homes increase for third consecutive month

Sales of existing U.S. homes in August increased by 2.4%, the National Association of Realtors reported on Tuesday.

The increase marks the third consecutive month of sales gains. However, those gains have slowed considerably since July, which saw a record-breaking 24.7% increase. That exceeded the previous record monthly increase in sales, which was 20.7%.

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