Previously owned U.S. home sales rise to highest since 2009

SALES OF PREVIOUSLY OWNED HOMES rose at the fastest pace since November 2009 in July. / BLOOMBERG FILE PHOTO/TY WRIGHT
SALES OF PREVIOUSLY OWNED HOMES rose at the fastest pace since November 2009 in July. / BLOOMBERG FILE PHOTO/TY WRIGHT
WASHINGTON -- Sales of previously owned U.S. homes climbed more than forecast in July to the fastest pace since November 2009 as more buyers entered the market before further increases in mortgage rates. Purchases of previously owned houses advanced 6.5 percent to a 5.39 million annual rate last month, figures from the National Association of…

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