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The National Association of Realtors said existing-home sales fell to a
seasonally adjusted annual rate of 3.83 million in July from 5.26 million
the month before. Sales of single-family homes fell to the lowest rate in 15
years.
A year earlier, existing home sales totaled 5.14 million in July.
Inventories of unsold homes rose 2.5% to 3.98 million, representing a 12.5-
month supply, the highest level since at least 1999, the trade group said.
And the supply of unsold single
The National Association of Realtors said existing-home sales fell to a
seasonally adjusted annual rate of 3.83 million in July from 5.26 million
the month before. Sales of single-family homes fell to the lowest rate in 15
years.
A year earlier, existing home sales totaled 5.14 million in July.
Inventories of unsold homes rose 2.5% to 3.98 million, representing a 12.5-
month supply, the highest level since at least 1999, the trade group said.
And the supply of unsold single
