WASHINGTON — U.S. sales of previously owned homes surged in July to a seasonally adjusted annual rate of 5.39 million, approaching a healthy level for the first time since November 2009.
The National Association of Realtors said Wednesday that sales jumped 6.5 percent last month from a 5.06 million pace in June. They have risen 17.2 percent over the past 12 months ago.
Sales have now stayed above an annual pace of 5 million for three straight months. The last time that happened was in 2007.
Read tomorrow's Arkansas Democrat-Gazette for full details.