Data: Investing.com; Chart: Naema Ahmed/Axios

Existing home sales rose by 25% in July over June's red-hot pace, the biggest monthly gain on record for the data series that goes back to 1968.

Why it matters: Residential home sales have been rising at a breakneck pace since most nationwide lockdowns ended in May.

  • July's record 25% increase follows a 21% monthly increase in June.
  • There were 5.86 million homes sold during the month, and sales hit the highest rate since December 2006.

Why you'll hear about this again: The median sale price of a used home rose to $304,100 in July, the first time the metric has ever risen over $300,000.

  • Home prices have risen 8.5% year over year.
  • The median price of a used home in June was $294,500, up from $283,600 in May.

Go deeper

Felix Salmon, author of Capital
Sep 17, 2020 - Economy & Business

Income inequality gap widened to record highs in 2019

Data: Census Bureau; Chart: Axios Visuals

If your household has an income of more than $200,000 per year, it was always in the top 10% — until 2019.

By the numbers: New data from the Census Bureau shows that the gap between the richest and everybody else widened to record highs in 2019.

Updated 54 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 30,804,120 — Total deaths: 957,348— Total recoveries: 21,062,785Map.
  2. U.S.: Total confirmed cases as of 7 a.m. ET: 6,766,631 — Total deaths: 199,268 — Total recoveries: 2,577,446 — Total tests: 94,211,463Map.
  3. Education: What we overlooked in the switch to remote learning
  4. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  5. Health: The dwindling chances of eliminating COVID-19.
  6. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.

What we overlooked in the switch to remote learning

Illustration: Eniola Odetunde/Axios

America’s rapid and urgent transition to online school has come with a host of unforeseen consequences that are only getting worse as it continues into the fall.

The big picture: The issues range from data privacy to plagiarism, and schools are ill-equipped to deal with them, experts say.