WASHINGTON -- The market for existing single-family home sales rose in July while mortgage interest rates continued to decline, the National Association of Realtors reported today.
Existing-home sales rose 4.5 percent to a seasonally adjusted annual rate of 5.33 million units in July from an upwardly revised pace of
5.10 million units in June. Last month's sales activity was 0.6 percent above the 5.30-million unit pace in July 2001.