Existing home sales increase as prices climb higher

Posted by Bonnie Martin Designated Broker on Thursday, June 20th, 2013 at 8:38am.

inman.com - As home prices continued to climb, existing-home sales hit their highest level since November 2009 when a tax stimulus was fueling sales, according to the National Association of Realtors (NAR).

Existing home sales rose 4.2 percent to a seasonally adjusted annual rate of 5.18 million in May from 4.97 million in April, NAR reported.

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