Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak

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Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of REALTORS . All major regions experienced sales gains in June and have now risen above year-over-year levels for six consecutive months.

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