Some Highlights:
* Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.
* Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.
* Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900. http://www.simplifyingthemarket.com/en/2016/07/29/home-sales-accelerate-during-the-dog-days-of-summer-infographic/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
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