Sales of existing homes rose by 13.9% in the last quarter of 2009 and were 27.2% higher than in the same period of 2008, according to data released by the National Association of Realtors.

During the last three months of 2009, sales were at a seasonally adjusted annual rate of 6.03 million units, compared with 5.29 million in the third quarter and 4.74 million in the last three months of 2008.


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