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From Home Furnishing Business

July Home Sales Hit 5.4 Million, Highest since '09

Good news for furniture land! For the first time since 2009, previously occupied U.S. homes are selling at a pace associated with a healthy market.

Sales jumped 6.5 percent in July to a seasonally adjusted annual rate of 5.4 million, the National Association of Realtors said Wednesday. Over the past 12 months, sales have surged 17.2 percent. The trend shows that housing remains a driving force for the economy even as mortgage rates have risen from record lows.
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Source: Minneapolis Star Tribune

 







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