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Good time to buy? Home sales, inventory rise in June
Good time to buy? Home sales, inventory rise in June

The nation's housing market showed more signs of health in June, with home prices and sales on the rise. Sales of previously owned homes -- the vast bulk of the housing market -- in June hit their highest level since October, according to a report Tuesday from the National Assn. of Realtors, and the supply of homes on the market is the highest it has been in more than a year. Meanwhile, prices continued to climb, though at a modest pace. These are all signs of a housing market that's tipping back into a more normal balance between buyers and sellers, said Lawrence Yun, chief economist for the Realtors. "Inventories are at their highest level in over a year and price...

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