Existing Home Sales Rise 3.1% to 5.00 Million in July

U.S. existing home sales rose more than expected to
5.00 million units in July, a 3.1% gain in the month, following June’s
revised sales figure of 4.85 million. With that gain the index rebounded
to the highest level in five months, although the range in the past 11
months has been relatively narrow, according to the National Association
of Realtors (NAR).

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