Existing-home sales fell in July from already-low levels as the housing market showed no signs of emerging from its long slump.
Total existing-home sales fell 3.5 percent to a seasonally adjusted annual rate of 4.67 million in July from 4.84 million in June, the National Association of Realtors said Thursday. The median price for homes sold in July was $174,000, down 4.4 percent from a year earlier.
The rate was well below the consensus estimate of 4.9 million.
Existing-home sales fell in July from already-low levels as the housing market showed no signs of emerging from its long slump.
Total existing-home sales fell 3.5 percent to a seasonally adjusted annual rate of 4.67 million in July from 4.84 million in June, the National Association of Realtors said Thursday. The median price for homes sold in July was $174,000, down 4.4 percent from a year earlier.
The rate was well below the consensus estimate of 4.9 million.
You can read the whole story here:
http://www.msnbc.msn.com/id/44188398/ns/business-real_estate/
Always Looking to Acquire Houses | Always Looking to Amaze Investors