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In the News Existing home sales are up again, according to the National Association of Realtors® (NAR), which reported that sales for existing homes increased by 3.6 percent in June to a seasonally adjusted annual rate of 4.89 million units, compared to May’s revised rate of 4.72 million homes. June’s sales were only 0.2 percent lower than the 4.9 million-unit pace NAR reported for June 2008. “The increase in existing-home sales occurred in all major regions of the country,” said Lawrence Yun, NAR’s chief economist. “We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability … (2 comments)
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