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The National Association of Realtors released existing homes sales figures in the U.S. on Monday. Sales of existing homes rose 1.2% to a seasonally adjusted annual rate of 4.88 million in February from 4.82 million in January.
Analysts had expected an increase to 4.91 million units.
The NAR chief economist Lawrence Yun said that sales still underperform, but house prices continue to rise.
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