The Washington Post
July 27, 2004
Existing home sales hit an all-time high in June as rising mortgage rates triggered a rush to close deals before rates went higher. The increase, which was the fifth consecutive gain, pushed the annual rate to a record 6.95 million units, the National Association of Realtors reported. June sales beat May's record of 6.81 million units. Every region in the country either set or tied its record for sales activity.
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