Existing home sales rise 7.6%, but remain very low

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In some more lukewarm news about the economy today, existing home sales increased 7.6% in August to an annualized rate of 4.1 million, according to the National Association of Realtors. That might sound good, particularly after July's dramatic 27% decline. But excluding July, existing sales were still the lowest since at least 1999.

Full Story: Existing Home Sales Rise 7.6%, But Remain Very Low – Daniel Indiviglio – Business – The Atlantic