The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July.
The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June. Economists had expected existing home sales to decrease by 0.8 percent to an annual rate of 3.90 million.
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