U.S. existing home sales rose 2.3% in July


Posted on August 25th, by Administrator in News. No Comments

Sales of existing homes in the U.S. rose 2.3 percent in July, as low mortgage rates, rising rent and some job creation led to a modest rebound, a trade group said. The National Association of Realtors said sales increased to a seasonally adjusted annual rate of 4.47 million from 4.37 million in June. Economists polled by MarketWatch had anticipated a 4.5 million rate. Compared with July 2011, sales climbed 10.4 percent, the 13th straight month with a year-on-year gain.





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