WASHINGTON, July 22 (UPI) -- Existing home sales grew in June to an eight-month high, a sign the housing market is improving on account of lower mortgage rates and higher supply.
Sales were up 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes in June, as figures from the National Association of Realtors showed Tuesday. Analysts surveyed by Bloomberg estimated a sales rate of 4.8 million to 5.1 million.