Existing-home sales surged 24.7% in July as low interest rates and a desire for more space amid the pandemic boosted demand
Sales of previously owned homes surged in July as low interest rates and a desire for more space boosted home-buyer demand.
Existing-home sales rose 24.7% in July from June to a seasonally adjusted annual rate of 5.86 million, the highest rate since December 2006, the National Association of Realtors said Friday. The July sales marked a 8.7% increase from a year earlier.
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