U.S. Housing-Market Recovery Hits 8-Year High

Washington — America’s housing-market recovery is in full swing. Purchases of previously owned homes climbed 3.2 percent in June to a 5.49 million annualized rate, the strongest since February 2007, the National Association of Realtors said Wednesday. Lean inventory pushed prices to an all-time high and listed properties were snapped up in just 34 days on average, the quickest in four years of record-keeping. A broad-based advance,...

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