Existing Home Sales Near High Last Seen in 2007

Filed under: Mortgages, Real Estate, Economic Indicators, Housing Market, Home Buying

John Bazemore/APBy Lucia MutikaniWASHINGTON -- U.S. home resales rose in June to their highest level in nearly 8½ years, a sign of pent-up demand that should buoy the housing market recovery and overall economy.The National Association of Realtors said Wednesday existing home sales increased 3.2 percent to an annual rate of 5.49 million units, the highest level since February 2007.Existing sales this...

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