Home sales and prices rose in July


upi.com
August 22, 2012

Existing U.S. home sales rose 2.3 percent in July, while prices rose for the fifth consecutive month, the National Association of Realtors said Wednesday.

The trade group said sales of single-family homes, townhomes, condominiums and co-ops rose to a seasonally adjusted annual rate of 4.47 million in July, up from a revised figure for June of 4.37 million.

Sales for the month were 10.4 percent higher than the 4.05 million level of July 2011.

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