Existing-home sales increased in
August, reaching their highest level in 6 1/2 years. What's more, the
median price shows nine consecutive months of double-digit
year-over-year increases, according to the National Association of
REALTORS®.
Sales are at the highest pace since February 2007, when they hit 5.79
million, and have remained above year-ago levels for the past 26
months.