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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