BusinessSeptember 5, 1995
MEMO: PREVIOUSLY OWNED HOME SALES REACH HIGH LEVEL
WASHINGTON -- Low mortgage rates helped push sales of previously owned homes in July to the highest level in more than a year as the housing industry continued to rebound from a winter slump. It was the third straight monthly advance. Except for a dip in the Midwest, sales were up in every region, including a double-digit gain in the West...
WASHINGTON -- Low mortgage rates helped push sales of previously owned homes in July to the highest level in more than a year as the housing industry continued to rebound from a winter slump.
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It was the third straight monthly advance. Except for a dip in the Midwest, sales were up in every region, including a double-digit gain in the West.
The National Association of Realtors reports that sales of existing single-family homes rose 5 percent in July.
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