July Existing Home Sales Top Expectations

Washington, DC, Aug. 21, 2014 --Home resales rose 2.4% in July to a seasonally adjusted annual rate of 5.15 million, according to the National Association of Realtors.

It was the highest rate this year but was down 4.3% from a year ago.

Economists expected the rate to fall to 5 million in July from an originally reported 5.04 million in June.

                                                                                                                                                                                                                                                               
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