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Times Editor Chris Lopez's weblog

Tuesday, May 24, 2005

Housing market stays red hot

In the Business Section we're reporting tomorrow that the U.S. housing market continues to perform at a blistering pace. A report out today by the National Association of Realtors shows that existing homes around the country were sold in April at the fastest pace in history as the nation's red-hot housing market just keeps getting hotter. The realtors report says that existing single-family homes and condominiums were sold at a seasonally adjusted rate of 7.18 million units last month, a gain of 4.5 percent from a revised March sales pace of 6.87 million units. The Bay Area is only one of the many hot regional housing markets in the country.


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