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This Jan. 20, 2012 photo shows a home with a sale pending sign, in Mount Lebanon, Pa. The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back. (AP Photo/Gene J. Puskar)

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Sales contracts for US homes up 2 pct. in January

The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back.

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