US Existing Home Sales Fall to Three-Month Low in July
US existing home sales experienced a second consecutive monthly decline in July, reaching a three-month low. Rising mortgage rates are cited as a primary factor discouraging potential buyers.
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US Sales of Existing Homes Fall to Three-Month Low
US sales of existing homes fell to a three-month low in July as elevated prices and mortgage rates continued to weigh on the housing market. Michael McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Read full article →US existing home sales post second straight monthly decline in July
Read full article →US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows
US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows With mortgage rates rising and the 'low hire, no fire' economy leaving many anxious about their household finances, the ugly spring selling season has not been followed by a consistent rebound in existing home sales in the US. After falling 1.4% MoM in June (revised up from a 2.4% MoM decline), US existing home sales fell again -1.7% MoM in July (worse than the -1.0% MoM exp). This dragged the annual incre...
By Tyler Durden
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