By Canadian Press

US homes sales rise 2.4% in August

Sep 22, 2020 | 7:24 AM

SILVER SPRING, Md. — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown brought on by the coronavirus outbreak.

The National Association of Realtors said Tuesday that sales rose to a seasonally adjusted annual rate of 6 million homes sold last month. Sales are up 10.5% from a year ago

It’s the the third straight gain for sales of existing homes following big, consecutive declines in March, April and May.

The median price for an existing single-family home reached $315,000 in August, up 11.7% from August 2019.

holiday check stops

Nanaimo motorists shine during province-wide crackdown

2h ago

targeted job action

Striking Nanaimo postal workers disrupt Purolator operations

6h ago

final flight

Massive Philippine Mars waterbomber preparing for final Island departure

10h ago

Matt Ott, The Associated Press