Economic Snapshot: Existing home sales at highest pace in over nine years

In addition to high existing home sales, the percentage of first-time buyers is at its highest level in four years. Existing home sales Total existing home sales increased 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June, from a downwardly revised 5.51 million in May. Sales are now up 3.0 percent from June …
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