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The great news this morning is that home resales rose in September to the highest level in more than two years, beating expectations, as buyers scrambled to complete their purchases before a tax credit for first-time owners expires. The National Association of Realtors said Friday that sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, from a downwardly revised rate of 5.1 million in August. Sales had been expected to rise to an annual rate of 5.35 million, according to economists surveyed by Thompson Reuters.
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