Sales of previously owned U.S. homes last month rose 5.6% over the previous month but remained considerably weaker than the brisk pace set last year, when tax credits for buyers fueled the market.
The National Assn. of Realtors said homes sold at a seasonally adjusted annual rate of 4.7 million houses and condominiums. Although up from October, the number was a 27.9% drop from November 2009.
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