Existing home sales rise in August


WASHINGTON (Reuters) - Sales of existing U.S. homes rose 2 percent in August to the second highest level on record, a trade group said on Monday. Sales of previously owned homes increased to a seasonally adjusted 7.29 million unit annual rate last month from July's downwardly revised 7.15 million unit pace, the National Association of Realtors said. That figure includes both single-family homes and condominiums.