August Existing Home Sales Rise to Highest in 6 1/2 Years

Existing-home sales increased in August and reached the highest level in six-and-a-half years, according to the National Association of Realtors®.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 13.2 percent higher than in August 2012.
Sales are at the highest pace since February 2007 and have remained above year-ago levels for the past 26 months.


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