Existing-Home Sales Hit Fastest Pace In Eight Years; Median Sales Price Hits New High

Sales of previously-owned homes rose 3.2% in June, hitting their highest pace since February 2007, the National Association of Realtors said Wednesday. Rising demand for housing coupled with limited supply pushed the national median sales price to an all-time high of $236,400. Completed transactions of existing-homes (single-family homes, townhomes, condominiums and co-ops) rose to an annual, [...]

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