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Low mortgage rates spur gain in July's existing home sales

August 21, 2019 / Alcynna Lloyd

Existing-home sales rose 2.5% in July from the prior month, according to the National Association of Realtors. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops increased to a seasonally adjusted annualized rate of 5.42 million, a gain of 0.6% above July 2018’s rate.