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Home Gauge Climbs Amid Bargains
By Jeff Bater
The Wall Street Journal
June 9, 2008 10:13 a.m.

WASHINGTON -- A forecasting gauge of home sales climbed to its highest level in six months during April, given a lift by bargain hunters.

The National Association of Realtors' index for pending sales of previously owned homes rose 6.3% to 88.2 from March, the industry group said Monday.

Private analysts projected pending sales would be unchanged during April. The rate was the highest since 89.8 last October.