Bloomberg News

Sales of Existing Homes Rise 2.3% in Sign of Pickup

August 22, 2012

U.S. July Home Resales Rise to a 4.47 Million Rate

Homes currently under construction in Pickerington, Ohio, on Aug. 21, 2012. Photographer: Ty Wright/Bloomberg

Sales of existing homes in the U.S. rose 2.3 percent in July to a 4.47 million annual rate, according to data from the National Association of Realtors. The median forecast of 73 economists surveyed by Bloomberg News called for a rise to a 4.51 million pace.

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