US home sales ended 4-month downward trend in July amid easing mortgage rates, more homes on market
LOS ANGELES (AP) — Sales of previously occupied U.S. homes ended a four-month slide in July as easing mortgage rates and a pickup in properties on the market encouraged home shoppers.
Existing home sales rose 1.3% last month from June to a seasonally adjusted annual rate of 3.95 million, the National Association of Realtors said Thursday.
Sales fell 2.5% compared with July last year and are running below last year's pace. The latest home sales came in slightly higher than the 3.92 million pace economists were expecting...
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