Skip to Content

US home sales ended a 4-month slide in July amid easing mortgage rates, more homes on the market

AP Business Writer

LOS ANGELES (AP) — Sales of previously occupied U.S. homes ended a four-month slide in July as easing mortgage rates and a pickup in properties on the market encouraged home shoppers. Existing home sales rose 1.3% last month from June to a seasonally adjusted annual rate of 3.95 million, the National Association of Realtors said Thursday. The latest sales came in slightly higher than the 3.92 million pace economists were expecting, according to FactSet. Sales fell 2.5% compared with July last year. The national median sales price rose 4.2% from a year earlier to $422,600.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content