WASHINGTON (AP) — U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before interest rates rise further.
The National Association of Realtors says sales of previously-occupied homes rose 1.7 percent to a seasonally adjusted annual rate of 5.48 million in August. That level is consistent with a healthy market.
August sales reflect contracts signed in June and July, when mortgage rates were rising steadily. The Realtors' group cautioned that buyer traffic dropped off significantly in August. That means sales could slow in the months ahead.
The Realtors forecast that sales will average 5.2 million in 2014.
Home prices rose as the supply of available homes remained tight. There were 2.25 million homes for sale last month, down 6 percent from a year earlier.
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Police responded to dozens of weather-related crashes in only a matter of hours Sunday.
A small plane crashed at about 8 a.m. Sunday morning on the Canyon Rim Trail near N.M. 502 and the entrance of Los Alamos.
Another officer-involved shooting left one man dead Sunday night in Albuquerque, according to APD interim Chief Allen Banks.
Sunday night in Albuquerque and around the world people gathered for candlelight vigils to remember the loss of their children.
Department of Agriculture officials are warning customers to not get burned when buying firewood.
Church groups, parents and teachers met Sunday at the 20th annual Albuquerque Interfaith Convention. State education reform was their central focus.