Home Sales Rose In June For 2nd Straight Month

Jul 29, 2011 by

Home Sales Rose In June For 2nd Straight Month

The number of Americans who signed contracts to buy homes rose for a second month in June. But the gain was not enough to signal a rebound in the weak housing market.

The National Association of Realtors reported Wednesday that its index of sales agreements for previously occupied homes rose 2.4% in June to a reading of 90.9. A reading of 100 is considered healthy by economists. The last time the index reached that level was in April 2010, the final month when buyers could qualify for a federal tax credit.  Read More


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