Existing-home sales could reach normalcy in 2013, according to Lawrence Yun, chief economist for the National Association of Realtors (NAR) .
Sales of existing homes throughout the U.S. rose 2.3 percent in July from the previous month to a seasonally adjusted rate of 4.47 million, reports the Seattle Times . In the Puget Sound area, sales rose 11 percent in July.
Has the housing market bottomed out? Most economists surveyed by the Wall Street Journal (44 out of 47) agree that it has.