America’s housing market staged a historic rally in June, with sales of existing homes surging 20.7 percent month-over-month, the biggest such increase on record.
The National Association of Realtors (NAR) said in a report on Wednesday that existing-home sales climbed to a seasonally adjusted annual rate of 4.72 million units last month, up from 3.91 million units in May, ending three straight months of declines.
