US existing home sales bounce as mortgage rates fall
August 21, 2019
US sales of existing homes bounced in July, recovering from weakness in the prior month, boosted by lower mortgage rates, according to data released Wednesday.
Prices remained high, but receded somewhat from June’s record.
Sales slid in the Northeast, but grew in the other three regions, especially the western United States, according to the National Association of Realtors,
Sales of all types of homes rose 2.5 percent from June to an annual rate of 5.42 million in July, slightly above analyst expectations, NAR said in its monthly report.