Vol. 123, No. 31 A Newspaper of General Circulation August 3, 2020
 
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Sales of existing homes jumped 20% after slump
Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale. Sales of existing homes rose in June to a seasonally adjusted annual rate of 4.72 million, the National Association of Realtors said. Despite the sharp gain, purchases are still down 11.3% from a year ago, when homes...more for subscribers.
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