Published 2 years ago

US home sales fell in July; some buyers see silver lining

Summary by Ground News

Sales fell 20.2% from July last year, reaching the slowest pace since May 2020. The slowdown has begun to tip the homebuying equation in favor of house hunters. A typical home received 2.8 offers last month, though that's down from 4.5 offers a year earlier.

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KVIA

US home sales fell in July; some buyers see silver lining

By ALEX VEIGA AP Business WriterLOS ANGELES (AP) — The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month.Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less affordable. Sales fell 20.2% from July last year, reaching the slowest pace since May 2020, near the start of the pandemic. But the slowd…

2 years ago·Panama City, United States

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WPLG

US home sales fell in July; some buyers see silver lining

The housing market's comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month.Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less affordable. Sales fell 20.2% from July last year, reaching the slowest pace since May 2020, near the start of the pandemic. But the slowdown has begun to tip the homebuying equation, if ev…

2 years ago·Miami, United States

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Pioneer Press

US home sales fell in July; some buyers see silver lining

By ALEX VEIGALOS ANGELES (AP) — The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month.Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less affordable. Sales fell 20.2% from July last year, reaching the slowest pace since May 2020, near the start of the pandemic.But the slowdown has begun to tip…

2 years ago·St Paul, United States

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WPRI 12

US home sales fell in July; some buyers see silver lining

LOS ANGELES (AP) — The housing market's comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month.Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less affordable. Sales fell 20.2% from July last year, reaching the slowest pace since May 2020, near the start of the pandemic.But the slowdown has begun to tip the homebuyi…

2 years ago·East Providence, United States

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San Antonio Express-News

US home sales fell in July; some buyers see silver lining

2 years ago·San Antonio, United States

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Fort Worth Business Press

Home sales fell in July; some buyers see silver lining

LOS ANGELES (AP) — The housing market's comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straigh

2 years ago

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