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Existing Home Sales Rise After Four Straight Months of Declines

Sales of previously owned homes have finally rebounded after falling for four consecutive months, with a slight increase in housing inventory, too. So reports CNBC.

house for sale 2845213 1920According to the National Association of Realtors, existing home sales rose 1.4% in June from the previous month, while the inventory of homes for sale rose to a 2.6 month supply at the current pace (up from 2.5 months in May).

“We may have turned a corner on inventory,” said Lawrence Yun, NAR’s chief economist.

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