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Macroeconomics  |  August 22, 2012 17:05:00

Sales of existing homes in the U.S. rose 2.3 pct

Sales of existing homes in the United States, offsetting accelerated decline a month earlier. According to data of the Association of Realtors nationwide in July existing home sales rose by 100,000, or 2.3% to 4.47 million units converted year after a decrease of 250,000 units, or 5.4% to 4.37 million in June. Majority consensus assumed annual rate of 4.52 million units, and the result fell short of expectations.

Demand picked up in all areas except the American West. Compared home sales picked up by 9.4%.Supply of homes for sale increased by 1.3% to 2.4 million and corresponded to 6.4 months. The median sales price of the property in July fell by $ 1 500 to $ 187 300 in annual comparison but did show an increase of 9.4%.

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