Sales of previously owned homes in the U.S. unexpectedly rose to a seven-month high in January as lower prices and warm weather brought out more buyers, the National Association of Realtors said today in Washington.

Purchases increased 3 percent last month to an annual rate of 6.46 million, up from a 6.27 million December rate that was higher than previously reported. Sales fell 4.3 percent compared with a year earlier.

     Feb. 27 (Bloomberg) –

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