Friday, August 21, 2009
US July Existing Home Sales Rise at Fastest Pace in 2 Years
In the strongest sign yet that US housing is pulling out of a 3 year slump the National Association of Realtors said July sales jumped 7.2% to an annual rate of 5.24Million units. The highest pace since August 2007. July's increase was the largest monthly gain since the series started in 1999.