WASHINGTON — Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.
The National Association of Realtors said Tuesday that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes. It marked the first time that sales have been above the 5 million-mark since October.
Even with the three months of increases, however, sales were still 2.3 percent below the sales rate in June of last year.
Read tomorrow's Arkansas Democrat-Gazette for full details.