Pursuits
Existing U.S. Home Sales Climb to Highest Level in 8 Years
U.S. Existing Home Sales Rise
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Sales of previously owned U.S. homes climbed to an eight-year high in June as momentum in the residential real estate market accelerated.
Closings on existing homes, which usually occur a month or two after a contract is signed, climbed 3.2 percent to a 5.49 million annualized rate, the most since February 2007, the National Association of Realtors said Wednesday. Prices rose to a record amid tight supply.