US EditionUS home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
U.S. existing home sales reached 4.01 million units in July, surpassing expectations as median home prices rose only 0.2%, signaling easing market conditions, National Association of Realtors said.
- Existing U.S. home sales rose 2% in July from June to a seasonally adjusted annual rate of 4.01 million units, topping economists' expectations.
- The national median home price rose just 0.2% annually in July to $422,400, as home price growth continued to slow.
- Lawrence Yun, chief economist at the National Association of Realtors, attributed the sales increase to slightly improved affordability from easing mortgage rates and more inventory.
52 Articles
52 Articles
US home sales rose in July as mortgage rates eased a bit and prices grew more slowly
Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2 percent last month from June to a seasonally adjusted annual rate of 4.01 million units, the National Association of Realtors said Thursday. Sales edged up 0.8 percent compared with July last year. The latest sales …
Sales of existing homes in the United States increased in July as buyers were encouraged by a modest decline in mortgage rates, slower home price growth, and the largest number of properties on the market in more than five years.
US existing home sales rise as rates ease
KEY TAKEAWAYS: Existing home sales rose 2% in July to 4.01 million units Median home price edged up 0.2% year-over-year to $422,400 Housing inventory reached 1.55 million, the highest in five years Mortgage rates eased to a 10-month low, boosting affordability Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the ma…
Associated Press News
US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and more properties on the market.
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