U.S. home sales rise amid hints of housing recovery

Tuesday, July 28, 2009 | 12:01 a.m. CDT; updated 9:53 a.m. CDT, Tuesday, July 28, 2009

WASHINGTON — New home sales rose last month at the fastest clip in more than eight years as buyers eagerly took advantage of bargain prices — a clear sign, economists said, that the real estate market may finally be bouncing back.