Sales of previously owned homes surged in July as low interest rates and a desire for more space boosted home-buyer demand. Existing-home sales rose 24.7% in July from June to a seasonally adjusted annual rate of 5.86 million, the highest rate since December 2006, the National Association of Realtors said Friday. The July sales marked a 8.7% increase from a year earlier. Economists...

Source: Wall Street Journal August 21, 2020 14:10 UTC