Another record for existing home sales in June, reports NAR
Sales of existing single-family homes set another record in June, according to the National Association of Realtors.
Existing-home sales rose 2.1 percent in June to a seasonally adjusted annual rate (note) of 6.95 million units from an upwardly revised level of 6.81 million units in May, which was the previous record. Last month's sales activity was 17.4 percent above the 5.92-million unit pace in June 2003.