US home sales bounced back in March, but can the gain last?

April 22, 2015 7:07 PM

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U.S. home sales bloomed in March after a brutal winter, a sign of possible newfound momentum for housing.

Sales of existing homes jumped 6.1 percent last month to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said Wednesday. The gains were solid enough to suggest that housing might be returning to stable footing after enduring a boom, a bust and a stubbornly tep...

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