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In a comeback from the start of the year, existing-home sales in February sprang up 11.8 percent to 5.51 million, the National Association of REALTORS® reports. February inventory ticked up to 1.63.

Lawrence Yun, NAR’s chief economist, says current housing numbers are partly a result of higher interest rates during much of 2018. "The housing market is obviously very sensitive to mortgage rates ..

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