WASHINGTON — Sales of existing U.S. homes edged up by 2.5% in July to a seasonally adjusted annual rate of 5.42 million units, according to the National Association of Realtors. The growth outstripped analyst expectations, as economists predicted a SAAR of 5.39 million units in a Reuters poll. June’s numbers were revised slightly higher, to 5.29 million units compared to the previously reported 5.27 million. June was the first month in 17 months in which sales were higher than they had been a year previously. The increase in sales suggests the Federal Reserve’s move toward lower interest rates is stimulating buyers’ activity.
U.S. home resales rise further in July
Most Recent
Most Read
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Featured Classified: Taiga
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024