Existing Home Sales Continue to Increase

A report from the NAR indicates that sales of existing homes rose 2.4 percent in July.

August 22, 2014
NAR reports Existing Home Sales Increase

After a fourth straight monthly increase in sales of existing homes, multiple economists see this as evidence to a rebound in the U.S. housing market, the NAHB reports. Furthermore, a report from the NAR indicates that sales of existing homes rose 2.4 percent in July to a seasonally adjusted annual rate of 5.15 million, while a homebuilder survey released Mondayshowed that builders are more confident about future sales.
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