Sales of Existing Homes Tick Up in July but Remain Sluggish Ahead of Rate Cut

Sales of Existing Homes Tick Up in July but Remain Sluggish Ahead of Rate Cut

Sales of previously owned homes increased slightly last month, but remained near historic lows as many homebuyers waited on the sidelines for mortgage rates to fall further. Total existing-home sales ticked up 1.3% from June, to a seasonally adjusted annual rate of 3.95 million in July, the National Association of Realtors® reported on Thursday. The
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