Home sales rise for 3rd consecutive month

More good news keep coming in

A real estate trade group said on Thursday that sales of previously occupied homes rose 3.6 percent from May to June, the third consecutive monthly increase.

The National Association of Realtors said that home sales rose to a seasonally adjusted annual rate of 4.89 million last month, from a downwardly revised rate of 4.72 million in May.

It was the highest level of sales since October 2008 and beat economists’ expectations. Sales had been expected to rise to an annual pace of 4.84 million units, according to Thomson Reuters.

SOURCE: NY TIMES