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Home selling

US home sales increase 2.6 per cent in June

US home sales increase 2.6 per cent in June to 5.04 million, fastest pace in 8 months
The Associated Press

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 per cent 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.

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