June Residential Sales Jumped 25%, Says HUD, Census Bureau

June Residential Sales Jumped 25%, Says HUD, Census Bureau

This is the biggest increase since February 2008, said Trulia’s economist.

The Census Bureau and HUD use sample surveys to collect data for their home sales, which means this data is subject to sampling variability as well as the typical statistical variance. The survey is based on a sample of houses pulled from building permits. “Sales” are defined as deposits taken or sales agreements signed, not necessarily closings.

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