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The Boston Globe

Business

Home sales rise to 2d-highest level in 3 years

WASHINGTON — US sales of previously occupied homes rose in January to the second-highest level in three years, a sign that the housing market is sustaining its recovery and helping bolster the economy.

The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December to a seasonally adjusted annual rate of 4.92 million. That was the second-highest sales pace since November 2009, when a temporary home-buyer tax credit boosted sales.

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