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US existing home sales drop in July as mortgage rates weigh on buying
Sales of previously owned homes in the United States dropped in July, industry data released on Tuesday showed, as high mortgage rates -- and fears of further rate hikes -- weighed on activity.
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apnews.com
US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers
Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in more than a year prove to be an insurmountable hurdle for many…
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zerohedge.com
US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows
...US existing home inventory fell annually for the first time in three years...
