Bloomberg by the Numbers: 5.04 Million

Potential home buyers attend an open house in Seattle on July 20, 2014.

Photograph by Mike Kane/Bloomberg

Potential home buyers attend an open house in Seattle on July 20, 2014.

Sales of previously owned U.S. homes rose 2.6 percent to a 5.04 million annual rate in June.

That’s the highest level in eight months, according to data from the National Association of Realtors.

“Historically low interest rates and smaller price increases are helping bring homeownership within reach for more Americans,” Victoria Stilwell reports for Bloomberg News. “A pickup in employment opportunities that lead to faster wage growth would provide an added spark for a residential real-estate market that began to soften in the middle of 2013.”

Here’s the news release from the National Association of Realtors.

 

 

 

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