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US home sales breaking records for July

Posted at 12:34 PM, Aug 21, 2020
and last updated 2020-08-21 15:56:03-04

U.S. home sales rose a record breaking 24.7% in July.

The new information comes from the National Association of Realtors. The bump follows June home sales which went up nearly 21%.

That's two straight months of record-breaking gains. The housing market has been one of the most resilient sectors of the economy during the pandemic.

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But, market activity continues to hinge on supply, which remains low.