A recent article by CNBC.com provides an excellent overview of the details that report a historic increase in existing home sales in June over May. The key points they present include respected sources like the National Association of Realtors:
- Sales of existing homes jumped nearly 21% in June compared with May, according to the National Association of Realtors
- This is the largest monthly gain since the Realtors began tracking the data in 1968
- It came after sharp declines over the previous three months due to the coronavirus pandemic. Sales were still 11.3% lower annually
Read the article written by Diana Olick for CNBC.com: Existing home sales surge nearly 21% in June – the highest monthly gain on record.
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