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The Fed's housewarming gift

2:09 PM ET Thu, 19 Sept 2013

Sales of existing homes surprised to the upside in August. CNBC's Diana Olick explains why sales didn't fall on higher mortgage rates. And Don Peebles, The Peebles Corporation; Jed Kolko, Trulia; and Bob Wetenhall, RBC Capital Markets, discuss housing data as rates remain low.