Existing Home Sales Hit New Record in June

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00021830-existing-home-sales-hit-new-record-in-jun/

Existing home sales hit a new record in June in an industry report out Monday, as the real estate market remains hotter than Wall Street expectations, sending housing prices to their biggest increase in 25 years.

The National Association of Realtors reported that sales of existing homes came in at an annual pace of 7.33 million homes in June, compared with the revised 7.14 million pace in May. Economists surveyed by Briefing.com had forecast that sales would remain little changed at the 7.15 million pace in June.

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Existing Home Sales Hit New Record in June

Unknown Author

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