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Sign of continued housing strength

Sales of existing homes rise in March, as real estate market shows more life.

April 25, 2005: 10:06 AM EDT

NEW YORK (CNN/Money) - Sales of existing homes grew in March, according to an report from Realtors, as the measure of the real estate market strength topped forecasts.

The National Association of Realtors reported that homes sold at an annual pace of 6.89 million, up from a revised 6.82 million in February. Economists surveyed by Briefing.com had forecast that sales pace to drop to 6.79 million.