By Anna Louie Sussman and Eric Morath | The Wall Street Journal
The pace of home sales in July climbed to its highest since before the recession, buoyed by strong sales in single-family properties.
The pace of existing home sales increased 2% last month from June to a seasonally adjusted rate of 5.59 million, the National Association of Realtors said Thursday. Last month’s sales pace was the highest since February 2007.
Sales for June were slightly revised down to 5.48 million from an initially reported 5.49 million.
