Existing Home Sales Rise 2.6% In June

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Existing Home Sales Rise 2.6% In June

by Wochit 0:41 mins

Existing Home Sales Rise 2.6% In June

by Wochit 0:41 mins

The National Association of Realtors said Tuesday, existing home sales showed more vigor last month, climbing to their fastest annual pace since October. Sales were up 2.6% to a seasonally adjusted annual rate of 5 million. But sales still trail last year's level and the supply of homes for sale — while improved from May — remains tight, Realtors say. The state of housing is being closely followed by Federal Reserve policymakers as they weigh how soon and how fast to begin tightening their easy money policies that have been in place since the financial crisis started seven years ago.

Wochit

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