Total existing-home sales -- including condominiums and co-operatives -- rose in 45 states in the fourth quarter from levels recorded a year earlier, according to the National Association of Realtors.The seasonally adjusted annual resales rate was 6.55 million units in the fourth quarter, up 8.6% from 6.03 million in the fourth quarter of 2001 and 5.8% from 6.19 million in the third quarter of 2002, the NAR reported. The biggest year-over-year gains were recorded in Hawaii, where the resale rate was up 33.9%; Nevada, up 32.0%; and Alabama, up 22.3%.
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