Report: July Home Sales Rose to New Highs

U.S. home sales jumped to a record high in July, fueled by record-low mortgage rates, the National Association of Realtors reports. The five-percent increase over June sales surprises many economists, who say they expect mortgage rates and home sales to stabilize in the months ahead. Hear NPR's Elaine Korry.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.