Something really surprising just happened in the housing market
Something really surprising just happened in the housing market.
Existing home sales unexpectedly rose 1.1%, to a seasonally adjusted annual rate of 5.57 million, in June, according to the National Association of Realtors.
Economists had been anticipating sales to fall 0.9%, to a seasonally adjusted annual rate of 5.53 million, according to the Bloomberg consensus.
"Sales of existing homes were unexpectedly strong in June, edging up for the fourth consecutive month to a nine-year high and defyin
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