Real estate
fromSFGATE
2 weeks agoModest Rise in Home Sales in July-5 Key Takeaways
Existing-home sales rose 2% in July as prices slowed, inventories rose modestly, cash buyers increased, and regional price trends varied.
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% 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% compared with July last year.