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U.S. existing home sales rose more than expected to 5.00 million units in July, a 3.1% gain in the month, following June's revised sales figure of 4.85 million. With that gain the index rebounded to the highest level in five months, although the range in the past 11 months has been relatively narrow, according to the National Association of Realtors (NAR).

U.S. existing home sales rose to 4.99 million units in May, or 2.0%, following April's unrevised sales figure of 4.89 million. This is the third month that home sales have remained under the 5 million mark.

Economists were expecting the May data to rise to 4.95 million, or 1.2%, following the 1.0% decline in April. This marks the first monthly rise in...

Existing home sales for April, which will be released Friday by the National Association of Realtors (NAR), are expected to decline further to a pace of 4.85 million units following March's sales figure of 4.93 million. This would mark the second month that home sales have remained under the 5 million mark.

The existing home sales index for March is expected to fall 1.6% to a pace of 4.93 million units, following a surprising 2.9% gain to a pace of 5.03 million in the previous month.

February's advance halted a six-month trend of declining sales and was well-above expectations, but sales were still down 23.8% from one year ago, when the annual pace of sales was 6.60 million units.