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Home sales hit 14-year high

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U.S. home sales reached a 14-year high in August, according to the National Association of Realtors.

Existing home sales increased by 2.4% last month to a seasonally adjusted annual rate of 6 million transactions, according to the NAR data. That's the highest level since 2006.

The median price for housing was $310,600 during August, marking the 102nd straight month of year-over-year gains.

Read more from CNN Business.

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