U.S. existing home sales climbed 2.4% in August, alongside rising prices

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Existing-home sales increased for the third consecutive month in August, as the U.S. housing market continued its rebound from the coronavirus pandemic. Total existing-home sales rose 2.4% from July to a seasonally-adjusted, annual rate of 6 million, the National Association of Realtors reported Tuesday. Meanwhile, tightening inventories nationwide pushed home prices to new heights. The median existing-home price was $310,600 in August, up 11.4% from a year ago.
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