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August 22, 2014

Existing home sales rise for 4th straight month

  • Distressed sales made up just 9 percent of sales in July, the lowest proportion since the Realtors began tracking the figure in October 2008.
    • By CHRISTOPHER S. RUGABER
    AP Economics Writer

    WASHINGTON — Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.

    The National Association of Realtors says home sales rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million, the highest since last September.


     
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