US Existing-Home Sales Increase in July Amid Slowing Price Growth
TL;DR Summary
The NAR report shows a 2.0% increase in existing-home sales in July, with inventory reaching its highest since May 2020, and median prices slightly up. Sales rose in the Northeast, South, and West, but fell in the Midwest. Mortgage rates decreased, and the market remains healthy with low foreclosure rates and strong price appreciation since 2019.
- NAR Existing-Home Sales Report Shows 2.0% Increase in July National Association of REALTORS®
- July home sales rise as prices approach inflection point CNBC
- US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly AP News
- US existing home sales tick up unexpectedly in July Yahoo Finance
- US Existing-Home Sales Rise as Price Growth Simmers Down Bloomberg.com
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