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Sales last exceeded 5 million in November 2009. During that month and October 2009, a home-buying tax credit briefly inflated the sales pace. Prior to that, sales hadn't been above 5 million since July 2007. That's still below the 5.5 million annual sales that are consistent with a healthy market. The Realtors' group forecasts that sales will likely total nearly 5.1 million in 2013, which would be the highest in seven years. Other private economists have similar projections. New home sales also jumped in May. They rose 2.1 percent to a seasonally adjusted annual rate of 476,000, the fastest pace in five years.
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